EUR/JPY Technical Outlook: Testing Key Resistance, Reversal Likely
EUR/JPY has recently tested the upper boundary of a multi-week range near 163.50. This area is critical as the pair faces pressure from technical divergence and economic uncertainty. Traders are keenly watching whether EUR/JPY will break higher or reverse lower, marking a significant move in either direction. Key Takeaways Technical Analysis Daily Chart On the […]
AUD/JPY Nears Key Resistance as RBA’s Hawkish Stance, China Stimulus, and Tokyo CPI Data Drive Momentum
The AUD/JPY pair has been on a strong upward trajectory, extending its winning streak for the ninth consecutive trading session. This consistent rally is driven by a combination of robust economic indicators from Australia and market anticipation surrounding key economic data from Japan. As the pair approaches critical resistance levels, traders are keenly observing potential […]
EUR/JPY Technical Analysis: Eyeing a Breakout from Weekly Range
The EUR/JPY pair has shown a positive bias over the last two trading sessions, reflecting a tentative attempt to push higher. Despite this, the currency pair remains confined within its established weekly range, suggesting a lack of decisive momentum from traders. The current market dynamics are influenced by a mix of technical and fundamental factors, […]
