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13 Mar 2023

EUR/JPY Price Analysis: Outlook should shift to bearish below the 200-day SMA

  • EUR/JPY falls off the cliff and retests the 200-day SMA near 141.80.
  • The next support level emerges at the February low in the mid-139.00s.

EUR/JPY debilitates further and breaks below the 142.00 to print new 4-week lows near 141.80 at the beginning of the week.

EUR/JPY breaks below the consolidative range and challenges the key 200-day SMA, today at 141.77. A sustainable breach of the latter should open the door to extra weakness to, initially, the February low at 139.54 (February 10).

Below the 200-day SMA the outlook for the cross is expected to shift to negative.

EUR/JPY daily chart

 

Mar 13, 2023

USD/JPY plunges to 133.50 as bearish sentiment for USD prevails

USD/JPY opens the day of a new week at 134.97, dropping to an intraday low of 132.96 before hitting an intraday high of 134.99. The pair continues to
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Mar 13, 2023

USD/CAD may have a shot at pushing back towards 1.37 – Scotiabank

CAD slips from highs versus soft USD. Economists at Scotiabank expect the USD/CAD pair to challenge 1.37 if it manages to stay below the 1.38 level. P
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