EUR/JPY Price Analysis: Further gains likely above 142.00.

EUR/JPY rebounds from recent tops and trespasses 144.00.Extra upside remains on the cards above the 4-month support line.EUR/JPY manages to leave behind two daily declines in a row and briefly breaks above the 144.00 barrier on Wednesday.

In case bulls push harder,  the door could open to a potential test of the weekly high at 146.13 (November 23) in the short-term horizon. While above the 4-month support line near 142.00, the near-term outlook for the cross is expected to remain positive.In the longer run, the cross should keep the bullish view unaltered above the 200-day SMA, today at 138.96.

EUR/USD edges higher toward 1.0400 after US jobs data

EUR/USD has gained traction and advanced toward 1.0400 in the early American session. After ADP reported that private sector employment rose by 127,000 in November, compared to the market expectation of 200,000, the US Dollar came under pressure.


GBP/USD holds above 1.2000 as US Dollar weakens

GBP/USD continues to trade in positive territory above 1.2000 in the second half of the day on Wednesday. The US Dollar struggles to find demand following the weaker-than-expected ADP employment data and helping the pair edge higher ahead of Powell’s speech.


Gold climbs to fresh 12-day high above $1,760

Gold price has gathered bullish momentum and reached its highest level since November 18 above $1,760. The renewed US Dollar weakness following the weak ADP jobs report fuels XAU/USD’s rally as focus shifts to FOMC Chairman Powell’s speech.

Leave a Comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s