EUR/USD 1.14053
-0.053%
Gold 4081.51
-0.592%
Oil 73.094
1.504%
USD/JPY 162.465
0.232%
GBP/USD 1.33531
-0.040%
GBP/JPY 216.947
0.208%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
NATO summit statement: NATO allies pledged to provide Ukraine with at least the same level of assistance in 2027 as in 2026.German Foreign Minister: Rising energy prices are a burden on the whole world.Ukrainian President Volodymyr Zelensky: The meeting with the Bulgarian Prime Minister was of great significance to our bilateral cooperation. Our two countries need a strong relationship, and we discussed this today. Particularly on energy issues, we have much to cooperate on, especially in liquefied natural gas. Europes dependence on Russian energy is decreasing.German Foreign Minister: We call on the United States and Iran to stop escalating tensions.On July 8th, Fenbi (02469.HK) announced on the Hong Kong Stock Exchange that Zhang Xiaolong has resigned as Executive Director, Chief Executive Officer, Chairman of the Board, member of the Remuneration Committee, and Chairman of the Nomination Committee, effective from the date of this announcement, due to other personal matters. Following his resignation as Executive Director, Chief Executive Officer, and Chairman of the Board, Zhang Xiaolong will no longer hold any position within the Group. However, he will continue to provide strategic advice to the Company as needed. Zhang Xiaolongs previous responsibilities included the Groups overall strategic planning and business development and operations, as well as the Groups overall technology and curriculum development. These responsibilities will be properly transferred to Sheng Haiyan. Sheng Haiyan will be appointed as Executive Director, Chief Executive Officer, and Chairman of the Board, effective from July 8, 2026.

Price Analysis: EUR/JPY Daily Rising Wedge Targeting 143.00

Daniel Rogers

Nov 23, 2022 16:01

 截屏2022-11-23 上午9.53.21.png

 

The EUR/JPY continues to consolidate within an ascending wedge, after ending Tuesday with tiny losses of 0.04% due to a risk-on sentiment. At the start of the Asian trading session, the EUR/JPY exchange rate is 145.48, representing a slight gain of 0.01%.

 

As noted previously, a rising wedge emerged on the EUR/JPY daily chart, with the bulk of daily lows acting as dynamic support after the 50-day Exponential Moving Average (EMA). In spite of the fact that the cross continues to move steadily, there has been less price action during the past four days. This would suggest that the EUR/JPY exchange rate is stable or that a breakout is near.

 

If the EUR/JPY reaches 146.00, it could accelerate a rally toward the year-to-date (YTD) highs near 148.40; however, buyers must first overcome crucial resistance levels. The first is the rising wedge top trendline close to 146.50, followed by the 9 November daily high at 147.11. After the psychological 148.00 is reached, the next objective will be 149.00.

 

If the EUR/JPY breaks below the rising wedge, the 50-day exponential moving average (EMA) around 144.12 would provide first support. A breach of this level will expose the 143.00 level, followed by the November 11 swing low of 142.54.

Suggestion