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25 Nov 2022

EUR/JPY Price Analysis: Interim hurdle now comes at 146.13

EUR/JPY leaves behind three consecutive daily pullbacks on Friday.
Next on the upside appears the weekly high above 146.13.

EUR/JPY bounces off weekly lows and regains some composure above the 145.00 barrier at the end of the week.

Considering the ongoing rebound, the cross now faces an interim resistance at the weekly high at 146.13 (November 23). The break above the latter exposes a potential move to the November tops past the 147.00 level.

In the longer run, while above the key 200-day SMA at 138.76, the positive outlook is expected to remain unchanged.

EUR/JPY daily chart

Nov 25, 2022

Mexico Gross Domestic Product (YoY) registered at 4.3% above expectations (4.1%) in 3Q

Gold Price Forecast: XAU/USD edges lower, downside seems limited amid less hawkish Fed

Gold price retreats from a fresh weekly high touched earlier this Friday and remain on the defensive through the mid-European session. The XAU/USD is