🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Euro Continues Higher Against US Dollar During Asian Trade Wednesday

Published 12/05/2012, 05:49 AM
Updated 04/25/2018, 04:40 AM
EUR/USD
-
USD/JPY
-
EUR/JPY
-

The euro headed higher against the U.S. dollar during Asian trade on Wednesday, to a high of 1.3115. The EUR/JPY triggered stops, hitting a high of 107.89, and helping the EUR/USD to get a boost. Helping the euro is also the optimism that the buyback of Greek bonds will go smoothly. The USD/JPY is up, hitting a high of 82.32, after BoJ Nishimura stated that powerful BoJ easing would help prevent any more yen appreciation and that the central bank will continue to pursue powerful monetary easing.
Technical Analysis
EUR/JPY
The pair consolidated below the 107.67 high for the last several sessions and just broke out of its range trading. A close above this level on the four hour chart will suggest a breakout and should see a move towards the 108.40 and 108.80 levels. Support now at 106.80.
<span class=EUR/JPY H4" title="EUR/JPY H4" width="470" height="809">
Disclaimer • Risk Warning
This document should not be relied upon as being an impartial or objective assessment of the subject matter and is not deemed to be “investment research” as defined by the applicable law. This document has been issued by TFI FX only for information purposes and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.