EURJPY daily technical analytics

[Polakandil]

EURJPY today's price on 164.188 on MT4 FXOpen, yesterday the price formed a bullish candle after a correction low of 163.057.

In the daily timeframe, we can see the EURJPY in bullish sentiment, a strong rally occurred this week indicating the JPY weakened against the Euro. Here also we can see the Bollinger band expands indicating the market in high volatility, despite the MA 50 still drawing the flat line. The RSI level now shows the prices already entering the overbought zone level.

In the H1 we can see the price now move near the upper band line and consolidate after a rally in yesterday's market, the price could look retrace near the middle band line. The Bollinger band here draws a wide range indicating the market is in high volatility meanwhile the RSI level shows near overbought zone level 68

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

 

[Polakandil]

EURJPY today's price is 163.565, the price formed a bearish candle yesterday and reached the previous low.

In the daily timeframe, EURJPY is currently near the upper band line and there the middle band line shows an uptrend market, even though the MA 50 is still flat. Widening Bollinger bands indicate increased volatility in the market. Meanwhile, the RSI indicator shows level 69, providing an alert that the price is approaching the overbought zone level.

In the H1 timeframe, the EUJPY price is currently near the lower band line and below the middle band line and MA 50, but here the MA 50 forms a horizontal channel indicating a sideways market. Meanwhile, the RSI indicator shows level 42, which means the price is below the downtrend level even though it is forming an ascending channel.

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.[/]

 

[Polakandil]

EURJPY today's price is 163.418 on MT4 FXOpen. Last week the price formed a bearish candle with a long wick at the bottom candle.

In the daily timeframe, we can see the EURJPY prices now move near the upper band line. Here we can see the Bollinger band line expands indicating the market's increasing volatility. On the other side, the MA 50 draws an ascending line indicating an uptrend market. Meanwhile, the RSI level 67 which means the prices are below the downtrend zone level.

In the H1 timeframe, we can see the EURJPY now moved between the middle and upper band line near the MA 50. Here the MA 50 draws a descending line indicating a downtrend market. Meanwhile, the RSI level is 58 which means the prices are above the uptrend zone level.

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

 

[Polakandil]

EURJPY today price is 162.325, yesterday the prices drew a bearish candle with a small wick at the bottom candle.

In the daily timeframe, we can see the EURJPY now move above the middle band line. here the bollinger band draws a wide range indicating the market in high volatility. The MA 50 draws an ascending line indicating an uptrend market in the long term. Meanwhile, the RSI level 59 which means the prices are above uptrend zone level.

In the H1 timeframe, EURJPY now moved near the middle band line and consolidated in this zone. The Bollinger band narrowed indicating the market decreased volatility. The MA 50 above the prices near the upper band line draws descending indicating a downtrend market. And here the RSI level 43 which means the prices are below the downtrend zone level.

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

 

[Polakandil]

EURJPY's price today is 161.635 on MT4 FXOpen, yesterday the price formed a bearish candle with a long wick at the bottom candle.

In the daily time frame, the price is currently near the middle band line which is the first support in the uptrend market, the price is approaching the middle band line but there has been no breakout. In this time frame, the Bollinger bands are still wide, indicating that market volatility is still high. MA 50 is far below the drawing ascending line indicating an uptrend market. Meanwhile, the RSI level is 54, which means the price is above the uptrend level.

In the H1 timeframe, EURJPY is currently forming a downward pattern, the price is trying to break through the middle band line which is the support zone. Here we see the Bollinger band narrowing, indicating a decrease in market volatility, while the 50 MA is above the price forming a descending channel, giving a downtrend signal. And RSI level 42 means the price is below the downtrend level.

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

 

[Polakandil]

EURJPY today's price is 162,727 on MT4 FXOpen, yesterday the price formed a bullish candlestick with a small shadow on the top and bottom candle.

In the daily timeframe, the EURUSD price is currently moving between the upper band and middle band, here the middle band acts as a support zone in an uptrend market. The Bollinger band appears wide, which means the market is increasing its volatility, while the 50 MA is far below the price, forming an upward channel indicating an uptrend. Meanwhile, the RSI is at level 60, which means the price is above the uptrend zone.

In the H1 timeframe, the price is currently moving above the middle band with the Bollinger band line forming an ascending channel. However, the narrowing band line is an indication of decreasing volatility, while the MA 50 is far below the price forming a horizontal line as if giving a signal transition from a downtrend to an uptrend. And the RSI here shows level 58, which means the price is above the uptrend level line.

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

 

[Polakandil]

EURJPY today's price is 153,110 on MT4 FXOpen. Yesterday the price formed a bullish candle with a small body.

In the daily timeframe, EURJPY is currently moving above the middle band line below the upper band line. Here you can see the Bollinger band widening and rising, which means high market volatility with an uptrend tendency. MA 50 is far below the price forming an ascending channel indicating an uptrend. Meanwhile, the RSI is at level 62 which means the prices are above the uptrend zone level.

In the H1 timeframe, EURJPY is currently moving above the middle band line trying to rise to the upper band line. There is increased volatility in this time frame with the widening of the Bollinger band lines. MA 50 is far below the price forming an ascending channel indicating an uptrend, while the RSI is at level 63 which means the price is above the uptrend level.

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

 

[Polakandil]

EURJPY's price today is 163,561 on MT4 FXOpen, yesterday the price formed a bullish candle at the end of the week.

On the daily timeframe, the EURJPY price is currently moving between the middle and upper band lines with a bullish sentiment trend. However, the Bollinger band appears to be starting to narrow in this time frame, an indication that there is a decrease in market volatility. MA 50 is far below the price forming an upward channel near the lower band, while the RSI level 64 means the price is above the uptrend level

In the H1 timeframe, EURJPY moves below the upper band above the middle band line, followed by MA 50 forming an upward channel with a slight slope, meaning the upward trend is weak. Meanwhile, the RSI is at level 60, meaning the price is below the downtrend level.

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

 

[Polakandil]

EURJPY today's price is at 162.604 on MT4 FXOpen, yesterday the price formed a bearish candle with a small wick on top and bottom candle.

In the daily timeframe, the EURJPY price is currently moving above the middle band line below the upper band. The previous candlestick appears to form a lower low and allows trend continuation. The Bollinger bands appear to be narrowing, indicating decreasing market volatility. The 50 MA is far below the price forming an ascending channel indicating an uptrend for the long term. RSI at level 57 means the price is above the uptrend level.

In the H1 timeframe, the EURJPY price is currently moving near the lower band line and forming a bearish candle. Until the time of writing, the price may currently be in the support zone based on the lower band, if there is a breakout it is possible that the respective bearish trend will continue. The 50 MA is far above the price forming a flat channel, indicating that there is a trend transition signal. RSI level 34 means the price is below the downtrend level.

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

 

[Polakandil]

EURJPY today's price is 161.394 on MT4 FXOpen, yesterday the price formed a bearish candle trend continuation.

On the daily timeframe, the price is currently moving below the middle band line trying to find support at 159,830 near the lower band. The 50 MA line forms an ascending channel near the lower band, still signaling an uptrend market. MA is a lagging indicator that provides signals after a trend is formed. Meanwhile, RSI level 49 means the price is below the downtrend level.

In the H1 timeframe, the price is currently moving near the lower band line, there is increased volatility from the widening of the Bollinger band in this timeframe, while the 50 MA is far above the price still forming a descending channel indicating a downward trend. And RSI at level 32 means the price is below the downtrend level near the oversold zone.

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

 

[Polakandil]

EURJPY today's price is 161,149 on FXOpen MT4, yesterday the price formed a bears candle with a long wick on the top and bottom of the candle.

On the daily timeframe, the price is currently moving below the middle band line above the lower band. Here you can see the Bollinger band narrowing, indicating a decrease in volatility. However, the 50 MA near the lower band forms an upward channel indicating an uptrend in the long term. Meanwhile, RSI level 48 means the price is below the downtrend level.

In the H1 timeframe, EURJPY is currently moving below the MA 50 line and the middle band line, the MA line forms a downward channel indicating a downtrend in this timeframe. The Bollinger band line is still wide, indicating stable market volatility, and RSI level 44 means the price is below the downtrend level.

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