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26 Feb 2020

EUR/JPY Price Analysis: Rebound now targets the 200-day SMA near 120.40

  • EUR/JPY reverses recent pullbacks and regains the 120.00 mark.
  • Immediately to the upside emerges the 200-day SMA around 120.40.

After bottoming out in so far weekly lows in the mid-119.00s, EUR/JPY has managed to grab some buying interest and retake the 120.00 mark and above.

The continuation of the bullish attempt should target the 200-day SMA, today at 120.34.

Above this key area, the downside pressure should be alleviated, opening the door for further gains to, initially, monthly peaks in the mid-121.00s.

EUR/JPY daily chart

 

Feb 26, 2020

WHO's Tedros: Using word 'pandemic' could amplify unjustified fear and stigma

Using the word 'pandemic' carelessly has no benefits and could amplify unjustified fear and stigma, World Health Organization (WHO) chief Tedros Adhan
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Feb 26, 2020

US Dollar Index Price Analysis: Further downside could test 98.50/60

DXY tested the sub-99.00 area on Tuesday, recording at the same time fresh multi-day lows. The corrective downside could extend to the 98.54/58 band,
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