EUR/USD 1.14171
0.420%
Gold 4098.51
1.107%
Oil 82.835
-6.448%
USD/JPY 163.533
-0.192%
GBP/USD 1.33601
0.295%
GBP/JPY 218.485
0.101%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Zelensky: I spoke with the new British Prime Minister by phone and hope that we can have a productive bilateral meeting to discuss various issues.Ukrainian President Zelensky: Ukraine still lacks sufficient missiles. We need to establish an air defense system as soon as possible. Due to the situation in the Middle East, we are currently facing a missile shortage.Ukrainian President Zelensky: Putin has no intention of stopping this war. Our intelligence indicates that he is preparing to mobilize, and he wants to expand the mobilization. His goal is to mobilize 300,000 to 500,000 people. If our partners do not impose comprehensive sanctions on Russia, he will take action, likely in early October.July 27 - International crude oil prices fell sharply in the short term, with both WTI and Brent crude falling by more than 7% intraday, currently trading at $82.73/barrel and $86.65/barrel respectively.On July 27th, Danske Bank senior analyst Joel Rossier stated in a report that with Federal Reserve Chairman Warsh not expected to release new economic projections or forward guidance at Wednesdays meeting, market focus will shift to the voting divisions within the policy committee. He said, "We believe the most likely outcome is that two to four members support a rate hike, but this is insufficient to trigger one." Danske Bank expects the Fed to raise rates by 25 basis points in December and March of next year, but the risks are skewed towards an earlier rate hike. Although the money market has already priced in about 8 basis points of rate hike expectations, implying a roughly 31.5% probability of tightening, the market still anticipates the Fed will keep rates unchanged at this weeks meeting.

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