EUR/JPY - Technical Analysis, Outlook and Forecasts

EUR/JPY (Euro - Japanese Yen) outlook and forecast is presented by the team of ForexAbode's in-house analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price action of EUR/JPY. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and  technical factors but most importantly we focus on the price-action analysis.

 

The outlook reflects our views for short-term to mid-term movement of the currency pair. However, sometimes the analysis takes into account the price-data which may span many years and have a longer-term view. This is also supported by our very popular chart alerts.

 

The weekly outlook includes the predictions for the next week's expected moves for the euro and Japanese yen. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term to longer-term. Apart from the weekly forecasts we also update EUR/JPY daily technical analysis, which presents our views about the daily price-action.

 

You may also like to check the following technical resources for trading EUR/JPY:

 

 

EUR/JPY Weekly Outlook - Oct 19, 2013

Written By : ForexAbode.com || 2013-10-19 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had broken below the support of 131.42 which we had indicated 2 weeks back. The pair had, then, failed to go down to 130.90 and found support 23 pips above it at 131.13. The subsequent upward jump took it to 134.18 before the weekly closing at 133.74. The support at 131.13 indicated that the psychological support of 130.00 is in place.

EUR/JPY Weekly Outlook - Oct 05, 2013

Written By : ForexAbode.com || 2013-10-05 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) went deeper as we had indicated 2 weeks back. The currency pair even broke below the mentioned 132.32 to go as low as 131.42 but mainly remained in a volatile sideways mode and closed for the week at 132.14. The recent fall was quite natural because of the psychological resistance of 135.00. There are two rising support trend lines in place and the price action is above both of these trend lines.

EUR/JPY Weekly Outlook - Sep 20, 2013

Written By : ForexAbode.com || 2013-09-20 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) not only broke above the resistance of 133.81 but even broke above 134.57 which we had indicated during the last weekend. The pair went as high as 134.94 before closing for the week at 134.35. The strong break above 133.81 came as the first sign of strong bullish sentiments but the bullish outlook became stronger with a break over 134.57.

EUR/JPY Weekly Outlook - Sep 14, 2013

Written By : ForexAbode.com || 2013-09-14 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) broke over 132.14 and then moved exactly as we had indicated during the last week. The currency pair went as high as 133.37 and found resistance to fall to 131.66 before closing for the week at 132.09. The recent upward jump and break of various resistances indicated the underlying bullish sentiments but the resistance well below the expected 133.81 resistance keeps the immediate outlook neutral for EUR/JPY.

EUR/JPY Weekly Outlook - Sep 08, 2013

Written By : ForexAbode.com || 2013-09-08 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had moved down after the last update but found support just 1 pip above the 129.29 level mentioned by us. During last week the strong jump took the currency pair to 132.14 but a strong resistance was witnessed there. Another fall took the pair to 129.89 before the pair closed for the week at 130.63.

EUR/JPY Weekly Outlook - Aug 25, 2013

Written By : ForexAbode.com || 2013-08-25 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had broken below the 129.42 level which we had indicated during last weekend and had dipped to 129.29 but the move below 129.42 could not sustain even for 15 minutes and hence could not be considered as a decisive break. The pair rose very strongly to 132.43 before closing for the week at 132.14.

EUR/JPY Weekly Outlook - Aug 18, 2013

Written By : ForexAbode.com || 2013-08-18 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) found strong support at 127.97 and moved up strongly to as high as 130.72. Resistance came here and the upward momentum was lost before a weekly closing at 129.98. Our overall outlook for EUR/JPY remains unchanged that we would expect some deeper consolidations sooner or later. However, the immediate outlook is neutral.

EUR/JPY Weekly Outlook - Aug 11, 2013

Written By : ForexAbode.com || 2013-08-11 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) broke below 130.00 and then moved as we had mentioned during the last weekend. The currency pair went as low as 128.21 i.e. 19 pips above the indicated 128.02. After some support at that level another fall made it closed for the week at 128.38. The strong break below 130.00 psychological level have made the existing bearish outlook for deeper consolidation stronger.

EUR/JPY Weekly Outlook - Aug 04, 2013

Written By : ForexAbode.com || 2013-08-04 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had broken below 130.00 and had gone to as low as 129.33. The support came 13 pips above the support zone mentioned by us during the last week. The strong jump, thereafter, took the currency pair to as high as 131.98 before the prices closed for the week at 131.38. EUR/JPY's break below 130.00 psychological level had brought some bearish sentiments but the strong upward jump neutralized those.

EUR/JPY Weekly Outlook - Jul 28, 2013

Written By : ForexAbode.com || 2013-07-28 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had dipped to 130.76 but had risen sharply to 132.74 which was 3 pips below the strong resistance we had indicated during the last week. The fall from there took the currency pair to 130.08 before the weekly closing at 130.46. The support just over 130.00 was a natural one considering the psychological aspects of 130.00 level as we had mentioned during last weekend also.

Interest rates difference of EUR and JPY

EUR to JPY Interest Rates Comparison
(For Carry Trades)
Euro (EUR) interest rate
0.15%
Japanese yen (JPY) interest rate
0.10%
EUR/JPY interest rate comparison
0.05%

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