Polakandil
Well-known member
EURJPY today's price is 140.758 based on MT4 terminal FXOpen. The pair last week formed a bearish candle with a long wick.
In the daily timeframe, we can see the price now move above the lower band line. The price broke the lower band line on Friday and then pullback entering into the band line again. No gap occurs in the Monday market open, the price looks normal The lower price is 139.067. The price is still below MA 200 and figured flat indicating the prices are sideways. RSI level shows a number of 42 which means in the downtrend zone level.
Move in the H1 timeframe, the EURJPY price tries to push the price up toward MA 200. The resistance level-based upper band is near 141.600 and the support is near 139.300. Meanwhile, RSI shows a level of 50 which means in the neutral zone.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
In the daily timeframe, we can see the price now move above the lower band line. The price broke the lower band line on Friday and then pullback entering into the band line again. No gap occurs in the Monday market open, the price looks normal The lower price is 139.067. The price is still below MA 200 and figured flat indicating the prices are sideways. RSI level shows a number of 42 which means in the downtrend zone level.
Move in the H1 timeframe, the EURJPY price tries to push the price up toward MA 200. The resistance level-based upper band is near 141.600 and the support is near 139.300. Meanwhile, RSI shows a level of 50 which means in the neutral zone.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.