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EUR/JPY rests near the descending line, suggesting upside tendency. EUR/JPY is revisiting the descending trend line, which has been standing since January 16, despite the upside break at the end of March. The bullish picture in the very short-term looks to last for a while longer if prices overcome the critical line
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EUR/JPY risk skewed to the downside; downtrend in place. EUR/JPY has fully-reversed this week’s gains, pulling back below its simple moving averages (SMA) on the four-hour chart and back into the 115.00 level. More importantly, the downside correction confirmed another lower high at 116.85, further enhancing the bearish trend which started early
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EUR/JPY back into the bearish area; focus shifts to the 115.00 zone. EUR/JPY has barely improved after the plunge to a 3-year low of 115.43, with the pair erasing on Monday a significant portion of last week’s rally that drove the price as high as 117.76. The price has also pulled back
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EUR/JPY cautiously negative around strong monthly-lows. EUR/JPY has returned to the 116.35 low after sellers capitalised on the fact that the pair was unable to close above the 118.59 level – that being the 23.6% Fibonacci retracement of the down leg from 127.49 to 115.86 – and the mid-Bollinger band. The short-term
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EUR/JPY sideways market endures; sellers re-emerge. EUR/JPY sellers seem to have resurfaced after the pair reversed down from the capping mid-Bollinger band. That said, the pair remains confined within a horizontal market of 122.86 – 116.11, as the clash between buyers and sellers, continues to zigzag the price between these boundaries. Directional signals
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EUR/JPY challenges 120.00 key level; short-term indicators signal positive session. EUR/JPY is close to breaking the 120.00 psychological level which is near the 40-period simple moving average (SMA) on the 4-hour chart. According to the RSI, the market could maintain positive momentum in the very short-term as the indicator is positively sloped near its neutral
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EUR/JPY is currently aggressively overtaking the mid-Bollinger band and the 118.96 resistance level, after having pivoted at the 118.46 support (an inside swing high from 27 September 2019), thus producing a four-month low. Despite the prevailing one-month decline reflected in the downward sloping simple moving averages (SMAs) and by the tentative
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EUR/JPY bounces back above 200-day SMA but bulls look weak. EUR/JPY regained positive momentum at the 120.00 level on Tuesday after failing to breach support around 119.76. The pair jumped back above the 200-day simple moving average (SMA) but could not enter the Ichimoku cloud from below nor rise above the broken ascending
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EUR/JPY sustains bearish picture despite recent consolidation. EUR/JPY has stalled around 119.80 after plunging from the six-and-a-half month high of 122.86 on January 16. The pair is currently capped by the 20-period simple moving average (SMA) and looks to be loading for another downward push. Also backing this view are the downward
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EUR/JPY sell-off finds support at the trendline; golden cross favours uptrend. EUR/JPY could not lift the 122.86 bar last week and reversed south to test the ascending trendline drawn from the 2 ½-year low of 115.85. The falling RSI which has crossed under its 50 neutral mark suggests that the bearish bias
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