{"id":77791,"date":"2023-01-03T00:17:00","date_gmt":"2023-01-02T20:17:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=77791"},"modified":"2023-01-03T02:20:26","modified_gmt":"2023-01-02T22:20:26","slug":"eur-jpy-retreats-with-expected-pressures-ahead","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-jpy-retreats-with-expected-pressures-ahead\/01\/03\/market-updates\/","title":{"rendered":"EUR\/JPY retreats with expected pressures ahead"},"content":{"rendered":"\n<p>The EUR\/JPY pair fell below the 140.00 mark as the cross dives below the 200-DMA and the 20-day crosses below the 100-DMA.<br><br>The EUR\/JPY drops 2.40% below the 200-day Exponential Moving Average (EMA) at 140.18, extending its losses to three consecutive trading days, falling since peaking around the last week&#8217;s high of 142.93. the EUR\/JPY pair is trading at 139.37, below its opening price, after hitting a daily high of 140.31.s<br><br>The EUR\/JPY is forming a megaphone top formation, usually a bearish formation, which was confirmed once the cross-currency pair broke below the 200-day EMA. The pair\u2019s first support would be the December low of 138.80. A breach of the latter will expose the September 26 daily low of 137.36, followed by the August 24 swing low of 135.51.<br><br>As an alternate scenario, if the EUR\/JPY climbs back above the 200-day EMA, a rally toward the 20-day EMA at 142.21 is on the cards. Once cleared, it would expose the 100-day EMA at 142.43.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/JPY pair fell below the 140.00 mark as the cross dives below the 200-DMA and the 20-day crosses below the 100-DMA.The EUR\/JPY drops 2.40% below the 200-day Exponential Moving Average (EMA) at 140.18, extending its losses to three consecutive trading days, falling since peaking around the last week&#8217;s high of 142.93. the EUR\/JPY pair &hellip;<\/p>\n","protected":false},"author":13,"featured_media":71426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8188],"class_list":["post-77791","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eur-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=77791"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77791\/revisions"}],"predecessor-version":[{"id":77796,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77791\/revisions\/77796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71426"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=77791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=77791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=77791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}