Technical Analysis – EURJPY’s rebound falters ahead of 200-SMA
EURJPY recovers from its 2024 low posted on August 6
But the rebound stumbles before testing 200-day SMA
Oscillators are skewed to the downside
EURJPY experienced a vast selloff in July, dropping from a 32-year peak of 175.41 to as low as 154.34 on August 6, which is also the pair’s 2024 bottom. Since then, the pair has been in a recovery mode, but its rebound seems to have paused for now ahead of the 200-day simple moving average (SMA).
Should the bears attempt to erase the latest uptick, the recent support of 160.40 could prove to be the first obstacle for them to overcome. Further declines may then cease at the February low of 158.06. Failing to halt there, the price may challenge the January bottom of 155.05 ahead of the 2024 low of 154.34, registered on August 6.
Alternatively, if the rebound resumes, initial resistance could be found at the recent rejection region of 163.87, which lies very close to the 200-day SMA. A break above that zone could open the door for the March resistance of 165.34. Conquering this barricade, the bulls might attack the June support of 167.50, which could serve as resistance in the future.
In brief, EURJPY has been attempting to erase its recent slump, but its efforts have met strong resistance near the 200-day SMA. Hence, a break above that crucial hurdle is needed for the bulls to regain confidence for a full-scale recovery.
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
