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 - May 26, 2013

Written By : ForexAbode.com || 2013-05-26 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had edged upwards to 133.81 but found strong resistance well ahead of psychological 135.00 level and dropped to 129.96 before closing for the week at 130.99. The bullish sentiments are intact for the currency pair but 135.00 would have very strong psychological resistance and a consolidation can be expected.

EUR/JPY Weekly Outlook - Apr 28, 2013

Written By : ForexAbode.com || 2013-04-28 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had moved the way we had indicated 2 weeks back and the pair had gone 4 pips below the mentioned 125.00 level. The strong recovery from 124.96 failed to retest the previous high of 131.12 and the currency pair fell from 130.67 to 127.14 before closing for the week at 127.74.

EUR/JPY Weekly Outlook - Apr 13, 2013

Written By : ForexAbode.com || 2013-04-13 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) broke over the psychological level as we had mentioned one month back. The currency pair then went as high as 131.12 but like all JPY pairs failed to keep the momentum and fell to 128.61 before closing at 129.04. As we also mentioned about Ichimoku cloud in the outlook for USD/JPY, interestingly the recent support came exactly at the Tenkan line support of daily Ichimoku cloud.

EUR/JPY Weekly Outlook - Mar 09, 2013

Written By : ForexAbode.com || 2013-03-09 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had moved down to 118.73 but recovered strongly before completing the mentioned 38.2% retracement i.e. going down towards 117.25/117.20.

EUR/JPY Weekly Outlook - Feb 24, 2013

Written By : ForexAbode.com || 2013-02-24 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had some more consolidation as we had indicated 2 weeks back. The currency pair went as low as 122.26 before closing for the week at 123.22. Our near-term outlook stays bullish for EUR/JPY but initially we expect some more downward consolidation. All main Japanese yen pair had been following the same support pattern of a support near 5-week EMA.

Chart Alert: EUR/JPY Breaks The First Trend

Written By : forexabode || 2013-02-10 02:08:31 GMT

EUR/JPY has broke the trend of past 2 months during which every week has seen upward gains. For past 8 weeks every weekly candle of EUR/JPY has been green and that trend was broken last week with a large red candle. Another trend which has been in place for past 11 weeks is support near the 5-week EMA as shown in the weekly chart on the left hand side. The green line is representing 5-day EMA. The current 5-week EMA is at 121.95.

EUR/JPY Weekly Outlook - Feb 10, 2013

Written By : ForexAbode.com || 2013-02-10 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) had touched the high of 127.71 i.e. 22 pips below the resistance level of 127.92 mentioned during the last weekend. As we had also mentioned about the strong resistance in the range of 126.30 to 127.92, it seems to have worked again. The currency pair fell to 123.43 before closing for the week at 123.82. Please note that for past 8 weeks all the weekly candles have been green for EUR/JPY.

EUR/JPY Broke Over The Price Action Channel

Written By : forexabode || 2013-02-03 00:25:18 GMT

EUR/JPY kept the support pattern on which has been in place for past 11 weeks. For close to 3 months the price action has been over 5-week EMA support. Any downward consolidation has been finding support at this level. Please refer to the weekly chart of EUR/JPY on the left hand side. The highligh of the recent price action was the break over the price action channel.

EUR/JPY Weekly Outlook - Feb 03, 2013

Written By : ForexAbode.com || 2013-02-03 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) broke over 123.32 rather easily and then moved up as we had indicated during last weekend. The currency pair went as high as 126.97 which is within the resistance zone 126.30 to 127.92 mentioned by us. The weekly closing was bullish at 126.62. The strong upward momentum keeps the outlook bullish for EUR/JPY.

EUR/JPY Weekly Outlook - Jan 27, 2013

Written By : ForexAbode.com || 2013-01-27 00:00:00 GMT

Euro-Japanese Yen (EUR/JPY) initially went down but found strong support at 117.32 which was above the mentioned 116.99. The currency pair recovered strongly and then moved the way we had indicated during the last week the currency pair broke over 120.83 and then went as high as 122.77. The currency pair closed for the week at 122.35. The strong upward momentum keeps the outlook bullish for EUR/JPY.

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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