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EURJPY daily technical analytics

Polakandil

Well-known member
EURJPY today's price is 145.463 based MT4 terminal platform FXOpen. The price-formed bulls candle yesterday tries to reach the middle band line.

In the daily timeframe, the EURJPY price now moves above MA 14 near the middle band line. There is an uptrend pattern in weak movement figured by the candlestick pattern. The price formed a higher high and higher low on last week. Bollinger band drawing to flat indicating the price move on sideways range market. The resistance level at roughly 148.078 near the upper band line. While the support zone at roughly 143.247 near the lower band line. RSI indicator shows level 52 indicating the price moved above the uptrend level.

Go to the hourly timeframe for short-term analysis, EURJPY price now moves near the upper band line above MA 14 and middle band line indicating an uptrend market. Bollinger band drawing to expand which means there is increasing volatility. While the lower band shows the level price as support at roughly 144.182 and resistance at 145.806. While RSI indicator shows level 60 indicating an uptrend below the overbought zone level.

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FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today's price is 145.440 based MT4 terminal platform FXOpen. The price still moves in the low trading range.

In the daily timeframe, we can see the EURJPY price formed a triangle pattern waiting for a breakout. Today news of FOMC could become a trigger price get increasing volatility. While Bollinger's band draws to narrow which means decreasing volatility occurs at this time. The price moved near the middle band line above MA 14 indicating an uptrend in a weak signal. The resistance zone is at 147.393 and the support zone is at roughly 143.396. RSI indicator shows level 52 indicating an uptrend.

Going to the hourly timeframe we can see the price of EURJPY now moves above MA 14 and the middle band line indicating an uptrend in a weak signal. Bollinger band drawing to flat indicating a sideways market with the target on the near term at 145.679 and low target at 144.977. While the RSI indicator shows level 54 indicating an uptrend.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today's price is 145.034 based MT4 terminal platform FXOpen. The price formed a bearish candle in yesterday's market.

In the daily timeframe, we can see the ERUPY price move near MA 14 below the middle band line indicating a sideways market. The price formed a swing high and swing low on the range with a pattern of lower high and higher high, which means a weak uptrend.

The resistance level at roughly 147.428 and the support zone near the lower band line at roughly `143.046. While the RSI indicator shows level 50 indicating a neutral zone level.

In the hourly timeframe, we can see the EURJPY price move below MA 14 and the middle band line. The trend tends in a downtrend market. However, the candlestick pattern formed consolidation after significant drops. The price tries to head up to rise to look the previous swing high. RSI indicator shows level 43 indicating a downtrend market out from the oversold zone level.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today's price is 144.375 based MT4 terminal platform FXOpen. The price tries to pull back after dropping near the lower band line.

In the daily timeframe, we can see the EURJPY price now move below MA 14 and the middle band line indicating a downtrend-based indicator. The price still moves between the middle band and lower band line. While Bollinger's band draws to narrow which means lower volatility occurs. Support zone at roughly 143.246 based on lower band line and resistance 147.239. While the RSI indicator shows level 46 indicating a downtrend market.

In the hourly timeframe now we can see the EURJPY price pullback after dropping to a low of 143.649. The price now tries to cross up MA 14 and the middle band line that acts as the first resistance in a downtrend market. While Bollinger's band drawing to flat indicating a change direction of the trend. While RSI indicator level 46 indicates in a downtrend market RSI line rises to leave the oversold zone level.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
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