SimpleFX Blog
    Facebook Twitter Instagram
    Wednesday, August 17
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»Analysis»Yen Gains on Ukraine Tensions as Euro Dips. Time to Trade!
    Analysis

    Yen Gains on Ukraine Tensions as Euro Dips. Time to Trade!

    adminBy adminFebruary 22, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    For the EURJPY currency pair, we see a large uptrend that moves within the green channel. On the current chart, we see the price movement from the end of January to the present day. 

    SimpleFX EURJPY Chart Analysis: February 22, 2022

    At the end of January, the price touched the lower green line, then pushed off from it and we saw an increase in the currency pair to the upper green line. Not so long ago, the bulls reached the upper green wall, but they failed to break through it.

    For a little more than a week, we observed the pair’s depreciation within the downtrend, which moves inside the yellow channel. Currently, the market is located near the lower green line. It is assumed that after the breakdown of the support level of 129.40, the price drop will continue to the next important support level of 127.22, which is located on the lower yellow line.

    However, the last rebound from the lower line may give strength to the bulls to break through the resistance level of 130.43, which we see on the upper wall of the yellow channel. If this level is broken, then market participants will be able to observe a long upward movement to the resistance level of 133.85, which is located on the upper green line.

    featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleChanges to Trading Schedule in Japan and the USA on February 21, 23
    Next Article Swiss Franc Cruises on Russian-Ukrainian Tensions and General Uncertainty
    admin

    Site owner

    Related Posts

    Ethereum Merge Comes Soon and Will Affect Cryptocurrency markets

    August 17, 2022

    GBPUSD – Tech Analysis, August 17, 2022

    August 17, 2022

    EURUSD Technical Analysis – August 16, 2022

    August 16, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT