EUR/JPY Price Analysis: Bears engaged, eye 152.20, 61.8% ratio
|- EUR/JPY bears lurking for the open next week.
- EUR has remained firm and bulls stay in control, but the focus is on the Yen.
EUR/JPY is higher on Friday but that not tells the entire story as the following technical analysis illustrates. It has traded between a low of 155.92 and a high of 156.13 but there is a bearish bias:
EUR/USD technical analysis
While the Euro has upside potential, the EUR/JPY chart is bearish as the Yen is flying:
USD/JPY analysis
DXY analysis
EUR/JPY, possibility
If the Yen continues and US Dollar bears remain reluctant to commit, we could see the above scenario play out.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.