Search

Client support: Phone: +357 (22) 008796

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



15.07.2019 06:59

EUR/JPY could slip back to the 119.90 region – Commerzbank

Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, sees the cross heading towards the 119.90 area in the near term.

“EUR/JPY is side lined just above the 2019 uptrend line at 121.37 and the 120.79 June low, near term rebounds remain tepid at best. It should eventually fail here and then head to the 119.91 78.6% Fibonacci retracement. This is the last defence for the 117.85 January spike low. Resistance is offered by the 123.34/75 May 21, June and current July highs. This resistance area maintains an overall negative bias and protects 125.52, the 78.6% retracement and the 200 day ma at 125.41”.

Market Focus

  • German factory orders unexpectedly fell in October
  • BOJ's Harada says no need to take additional policy steps
  • Eurozone construction activity continues to grow in November
  • Eurozone GDP up by 0.2% during the third quarter, as expected
December 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    © 2011-2019 TeleTrade DJ Limited

  • Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work both to your advantage and disadvantage. There is a possibility that you may lose all of your initial investments, so you should not risk more than you are prepared to lose.

  • Prior to trading you should make sure you fully understand all the risks involved and take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but if the risks seem still unclear to you, please seek independent advice.

  • The information presented on this website should not be perceived as a basis for investment decision making and is intended solely for informational purposes.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page