Advertisement
Canada markets closed

  • S&P/TSX

    22,290.62
    +31.15 (+0.14%)
     

  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • CAD/USD

    0.7285
    -0.0036 (-0.49%)
     

  • CRUDE OIL

    78.31
    -0.17 (-0.22%)
     

  • Bitcoin CAD

    86,508.80
    -459.83 (-0.53%)
     

  • CMC Crypto 200

    1,308.99
    -56.14 (-4.11%)
     

  • GOLD FUTURES

    2,322.10
    -9.10 (-0.39%)
     

  • RUSSELL 2000

    2,064.65
    +3.97 (+0.19%)
     

  • 10-Yr Bond

    4.4630
    -0.0260 (-0.58%)
     

  • NASDAQ

    16,332.56
    -16.69 (-0.10%)
     

  • VOLATILITY

    13.23
    -0.26 (-1.93%)
     

  • FTSE

    8,313.67
    +100.18 (+1.22%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • CAD/EUR

    0.6771
    -0.0021 (-0.31%)
     
MARKETS LIVE BLOG:

S&P 500 UP FOR 4TH DAY; DISNEY SINKS 9% AFTER EARNINGS

Fed's Kashkari: Interest rates will stay high for 'extended period', can't rule out a hike

EUR/JPY Price is Getting into the Buying Zone

Nenad Kerkez
·1 min read

The EUR/JPY is getting close to the POC zone. The zone is making a confluence of pivot points and 88.6 fib retracement. We could see a bounce.

125.30-40 zone is a possible bouncing spot for the EUR/JPY. We can also see the Bollinger Bands support close to the zone. If we see that W L3 holds than bulls might have a fresh wave up. Targets are 125.65, 126.07 and 126.62. However, a break below 124.83 might lead the price to 124.25, W L4 support.

The Analysis has been done with the CAMMACD.Core

For a look at all of today’s economic events, check out our economic calendar.

 

This article was originally posted on FX Empire

More From FXEMPIRE: