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 In Support Zone - Forex Chart Alert

Written By : forexabode || 2013-07-27 23:37:37 GMT

On one hand the strong fall of EUR/JPY to 130.08 suggests further consolidation bit on the other hand the price action is in a support zone.

EUR/JPY Weekly Outlook - Jul 21, 2013

Written By : ForexAbode.com || 2013-07-21 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) broke over the resistances as mentioned during last weekend and went as high as 132.2 before closing for the week at 132.24. The highlights of the last week were first a break not only over 131.41 but 132.15. These breaks combined with the facts that 5=weeks back the price action had again maintained the support pattern of 22-week EMA keep the overall bullish outlook intact for EUR/JPY.

Bullish Signs by EUR/JPY - Forex Chart Alert

Written By : forexabode || 2013-07-20 06:13:38 GMT

For past 10 months EUR/JPY has been mainly over 22-Week EMA. During any downward consolidation the support was found near this support level. The same story had repeated 5 weeks back when the support had come almost exactly at 22-week EMA. EUR/JPY and 22-week EMA The fact that the support level had continued had indicated the underlying bullish sentiments.

EUR/JPY Weekly Outlook - Jul 14, 2013

Written By : ForexAbode.com || 2013-07-14 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) remained in the sideways mode between 128.02 and 130.56 before closing for the week at 129.65. The highlight of the last week was a break below 128.58 which had been the low of the sideway range for the past 2 weeks. On one hand this indicates that the bearish pressure has increased but on the other hand the doji styled candles of the past 2 trading days indicate a complete uncertainty.

EUR/JPY Weekly Outlook - Jun 30, 2013

Written By : ForexAbode.com || 2013-06-30 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) could not break the resistances and had fallen sharply to 126.57 but the equally strong rebound took the currency pair to as high as 129.65 before a weekly close at 128.97. The strong rebound makes the case of a test of 130.00 psychological level and with a break of that for further gains. However, the break over 130.00 is very critical.

EUR/JPY Gives Mixed signals

Written By : forexabode || 2013-06-23 09:20:47 GMT

EUR/JPY had found support exactly at 124.95 where a strong support came on April 15th.

EUR/JPY Weekly Outlook - Jun 23, 2013

Written By : ForexAbode.com || 2013-06-23 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) found support exactly at 124.95 which we had mentioned during the last weekend and moved as high as 129.91 before closing for the week at 128.46. On one hand the support exactly at 124.95 indicates that the downward move might have ended but the strong resistance below the psychological level of 130.00 and the weak closing for past 2 trading days are casting doubts about the same.

EUR/JPY Weekly Outlook - Jun 16, 2013

Written By : ForexAbode.com || 2013-06-16 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) moved as we had mentioned during the last weekend and touched 124.95 before closing for the week at 125.58. As we had mentioned during the last weekend also, the strong fall and the break below the 127.05 of April 28th and then even 126.43 of April 17th brought the bearish sentiments in the picture.

EUR/JPY Weekly Outlook - Jun 09, 2013

Written By : ForexAbode.com || 2013-06-09 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) broke below the 130.19 support and then moved as indicated during last weekend. The currency pair didn't only went down to the mentioned 127.05 but broke below that and went as low as 126.16. The pair closed for the week at 128.96. The strong fall and the break below the 127.05 of April 28th and then even 126.43 of April 17th brought the bearish sentiments in the picture.

EUR/JPY Weekly Outlook - Jun 02, 2013

Written By : ForexAbode.com || 2013-06-02 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) remained in the sideways mode between 130.19 and 132.15 during the last week. The weekly closing was at 130.58. The recent price action has been over the psychological support of 130.00 which is 40 pips above the next possible support of 55-day EMA.

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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