EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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EUR/JPY - Jumped More than 2.5% So Far This Week - 04/27/2017 (GMT)

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The euro currency soared more than 2.5% versus the Japanese yen so far this week and is ready to record a positive month snapping three losing months in a row. The EUR/JPY pair added almost 6% and jumped more than 700 pips following the pullback on the 114.80 support barrier. Over the start of the week, the pair affected also from the French presidential elections and opened with a gap-up driving the price sharply higher.

In addition, the price posted a new one-month high at 121.98 and we are waiting for a hit of the 122.90 resistance handle. The technical structure suggests further bullish movement as the technical indicators are moving in the positive path and the simple moving averages (50, 100 and 200) are sloping upwards. The RSI indicator is flattening beneath the 70 level and the MACD oscillator is moving higher above both, trigger and zero lines.
This member did not declare if he had a position on this financial instrument or a related financial instrument.

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