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EUR/JPY hovers below the 6-month peak; holds in ascending channel. EUR/JPY has been trading within an upward sloping channel after the rebound on the 28-month low of 115.85, reached on September 2019. Currently, the price is trading close to yesterday’s six-month high of 122.75, having pulled back slightly. The near-term bias is looking neutral-to-bullish as
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EUR/JPY loses steam; confined below 200-MA. EUR/JPY appears to be curbed by the 200-period simple moving average (SMA) currently at 120.95, succeeding a second push off the 120.16 support, which resulted in buyers keeping the pair above a supportive trendline drawn from 3 September 2019. The short-term oscillators suggest a slight strengthening
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EUR/JPY bulls become cautious as pair eyes 121.00 for more downside. EUR/JPY managed to run above the 200-day simple moving average (SMA) for the first time in more than a year and formed another higher high at 122.63 last Friday. The market, however, soon reached overbought conditions as reflected by the RSI, which
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EUR/JPY moves sideways around the 120.00 level; cautiously positive. EUR/JPY looks to be undecided over the last two weeks, following the decline from the high of 121.46. Furthermore, momentum seems to have evaporated, something also backed by the 40- and 100-period simple moving averages (SMAs), which are turning slightly sideways. The short-term oscillators,
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EUR/JPY’s climb consolidates but sustains its positive picture. EUR/JPY has adopted a sideways market after the ascent which commenced on October 3, with weakened directional momentum undecided. Nevertheless, buyers are attempting to revisit the fresh high of 121.46 after moving back above the 40-period simple moving average (SMA) within the sideways market. The
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EUR/JPY added more than 3.0% to its value so far this month, getting closer to the 200-day simple moving average (SMA) that remains untouched over the past year and could play a key role for the rally to keep going. Yet, with the market trading in the crossroads of the key 121.36
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EUR/JPY maintains a positive picture, tackling a key neutral level. EUR/JPY buyers are in the process of re-testing the 120.00 resistance level after a slight correction moved the price beneath it. The Tenkan-Sen line has distanced itself above the Kijun-Sen line indicating that the rally that commenced on October 8 is intact,
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EUR/JPY holds a bull flag near the key resistance area. EUR/JPY picked up steam on Thursday and hit two-week highs above the Ichimoku cloud in the four-hour chart, with the positive momentum in the RSI and the MACD painting a bright picture for the short-term. The area around 118.43, where the 38.2% Fibonacci
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EUR/JPY’s tumble takes a break, temporary halting losses. EUR/JPY seller’s second try only just conquered the 117.43 support, which is the 61.8% Fibonacci retracement of the up leg from 115.85 to 120.00. The pair adopted a brief side move after a sell-off bounced off that level. The flattened 200-period simple moving average (SMA)
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EUR/JPY recovery starts to lose steam; 50-SMA holds strong. EUR/JPY bulls retook control bouncing off the 119.00 handle, which is the 23.6% Fibonacci retracement level of the up-leg from 115.85 to 120.00 and where the restrictive 50-period simple moving average (SMA) also rests. The bears’ multiple attempts to breach below the 50-period
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