EUR/USD 1.13627
-0.060%
Gold 3996.36
-0.751%
Oil 70.480
-1.183%
USD/JPY 161.736
-0.037%
GBP/USD 1.31877
-0.019%
GBP/JPY 213.299
-0.043%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 26 - European and American stock index futures continued to decline, with Nasdaq 100 futures falling by 1.6%, S&P 500 futures down 0.7%, and Dow Jones futures down 0.18%; Euro Stoxx 50 futures fell 0.9%, German DAX futures fell 1%, and UK FTSE futures fell 0.8%.On June 26th, Du Zhongming, Director of the Electricity Department of the National Energy Administration, stated that during the 15th Five-Year Plan period, fixed asset investment in the national power grid will exceed 5 trillion yuan. The next steps will focus on three key areas: First, improving the new power grid architecture, focusing on building a new power grid platform that coordinates the development of the main power grid, distribution network, and microgrids, strengthening the grids security and resilience, promoting vehicle-to-grid interaction, and accelerating the construction of high-power charging facilities and electric heavy-duty truck charging and swapping facilities to support the charging needs of over 110 million electric vehicles. Second, tackling key new technologies. Accelerating the innovative application of grid-based technologies, long-term energy storage technologies, and transmission technologies for 100% green power bases, implementing AI+power grid projects, and equipping the power grid with a smart brain. Third, launching more and better new services, continuously optimizing the grid connection and transmission services of new energy sources, and significantly enhancing the systems regulation capabilities.Honda Motor (HMC.N) CEO: Unable to compete with rapidly growing rivals, the outlook for the automotive business may be under pressure.Honda Motor (HMC.N) CEO: Priority markets are the U.S., Japan, and India, with less competition from "emerging forces".June 26 – On June 26, the institutional reform of the Executive Committee of the Hengqin Guangdong-Macao In-Depth Cooperation Zone was officially launched, with the newly established and renamed working bodies fully operational. This round of reform closely adheres to the original mission of serving the moderate diversification of Macaos economy, systematically optimizing and integrating the Executive Committees organizational structure, functional allocation, and boundaries of authority and responsibility, further constructing a scientific, standardized, efficient, and characteristic responsibility framework system for Hengqin.

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