HomeContributorsTechnical AnalysisEUR/JPY Targets At 122.20

EUR/JPY Targets At 122.20

The common European currency has surged by 76 basis points or 0.63% against the Japanese Yen since Wednesday’s trading session. The EUR/JPY currency pair reversed from the 100– hour simple moving average support level at 121.20 on Wednesday.

As for the near future, the exchange rate could continue to edge higher. Bullish traders are likely to pressure the price towards the 122.20 region within this session.

However, the currency exchange rate is expected to make a brief retracement towards the 121.50 level today.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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