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EURJPY daily technical analytics

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EURJPY price today at 168.260. After falling on Monday the EURJPY price rebounded and formed a bullish candle.
JPY, which has tended to rise for several weeks, likely gets intervention from Japan in response to the weakening JPY.

On the daily timeframe, the EURJPY price is now moving below the upper band line.
Here the Bollinger bands appear to expand, reflecting increased volatility.
MA 50 is between the middle and lower bands forming a slight upward channel indicating an uptrend market.
The RSI indicator points to level 67, the price is above the uptrend level near the overbought level.

On the H1 timeframe the price moves flat, Bollinger band squeeze appears reflecting the market as if it were not moving without volatility.
MA 50 also draws a flat channel reflecting a flat market, while the RSI indicator points to level 53, the price is moving above the uptrend level.

Support and resistance

The support zone based on price history is around 165.600 and the resistance is near 170.80.
Prices are still moving flat waiting for a breakout. Even though Japan has implemented currency intervention, it is predicted that it will only have a temporary effect.
 
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EURJPY price today is at 167.358 and is forming a bullish candlestick. The price of EURJPY fell during yesterday's trading, the price fell sharply from a high of 168,655 to a low of 164,040.

The decline was restrained by support near the MA 50 at 164,140 and the price rebounded to now at 167,350.

On the daily timeframe, the price is now moving between the upper and middle band lines. Bullish candles indicate an increase in prices after falling yesterday. The nearest high target is near the upper band around 168.78.
Bollinger bands appear to be expanding in this time frame indicating volatility may increase.
On the other hand, the RSI indicator is pointing at level 58, which means the price is above the uptrend level.

On the H1 timeframe, the price is now forming a bullish morning star pattern. However, the price is still moving below the MA 50 which forms a flat channel, this could be a dynamic resistance zone.
It appears that the price history after the lower band break ended the consolidation, prices fell sharply yesterday, and are trying to rebound today.
The Bollinger band line appears to be expanding, reflecting high volatility.
The RSI indicator points to level 45, which means the price is moving below the downtrend level.

Support and resistance

The nearest support based on price history is in the range of 165,790 near the lower band line and resistance is in the range of 168,000 near the MA 50 line.
 
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EURJPY price today is at 164.236 near MA 50 which forms a flat channel. Yesterday the price formed a bearish candlestick with a long shadow at the top of the candle and a short shadow at the bottom of the candle.
Prices tend to be bearish but find resistance at the dynamic support of the MA 50 near 163,900. A break of this support level could bring prices plummeting lower.

On the daily timeframe, prices move between the middle and lower band lines. The Bollinger band line appears to be expanding, reflecting high market volatility.
MA 50 draws a flat channel reflecting a sideways market, while the RSI indicator points to level 45 which means the price is moving below the downtrend level.

On the H4 timeframe, the price moves near the lower band line and forms a bearish candlestick reflecting the market downtrend.
Bollinger bands also appear to be expanding in this time frame, indicating high market volatility.
On the other hand, the RSI indicator provides a price alert that is now near the overbought zone at level 32.

Support and resistance

The price is now in the support zone of 164,500, a breakout of the support level could make the price turn to resistance. At the advanced level, resistance is based on the middle band in the range of 147,500 and 170,500.
 
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EURJPY today's price is at 165,752, yesterday the price formed a bullish candlestick with a slight shadow on the top candle.

On the daily timeframe, the price is currently moving near the middle band line. Here the middle band line is often the consolidation line for a commodity.

Yesterday the price formed a low of 164,382 and a high of 165,981. Bollinger bands appear to have a wide distance between the upper and lower bands, reflecting high volatility.

The 50 MA below the price tends to draw a flat channel reflecting a sideways market.
The RSI indicator at level 52 shows that prices are moving above the uptrend level.

On the H1 timeframe, we see the Bollinger band narrowing reflecting decreasing volatility. The price is consolidating near the middle band line in a narrow range between 165,941 and 165,490.

The 50 MA is far below the price drawing a flat channel reflecting a flat market.

The RSI indicator points to level 57, reflecting the price moving above the uptrend level

Support and resistance

In the short term, the support price is predicted to be at 165,032 based on the MA line. The nearest resistance is at 166,000 near the upper band.
In the long term, the support zone is near the lower band at 162,274 and the resistance is at 168,666 near the upper band line.
 
EURJPY 09 05 2024 d1 mt4.png

EURJPY price is now at 167.186. Yesterday the price drew a long-body bullish candlestick with small shadows on the top and bottom of the candle.

On the daily timeframe, the price moves between the upper and middle band lines which reflects the price moving in the uptrend zone. Bollinger bands draw a slight upward channel with wide bands reflecting an uptrend market with high volatility.
MA 50 below the price between the middle and lower bands draws a flat channel reflecting a flat market.
The RSI indicator used to measure the overbought and oversold zone points to level 58, meaning the price is moving above the uptrend level.

In the H1 timeframe, the EURJPY price moves above the middle band line. Here the candlesticks appear aligned reflecting the market in a consolidation phase.
Bollinger bands appear to be expanding, drawing an upward channel reflecting market uptrends and high volatility.
On the other hand, the 50 MA structure near the lower band draws an upward channel reflecting the market uptrend.
The RSI indicator points to level 54, which means the price is moving above the uptrend level.

Support and resistance

Based on the MA 50 support zone in the range of 166,609 with resistance of 167,463. Breaking the upper level allows the price to seek new resistance at 168,000 for the long-term target. A downside break allows the price to find support near the 50 MA 166,662
 
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EURJPY yesterday formed a bullish candlestick continuing the previous market uptrend. Price has drawn a long-body bullish candlestick reflecting a strong rally on Monday's market open.

On the daily timeframe the price is now moving below the upper band line, this could be a resistance zone near 169,440 which if the price succeeds in breaking it will probably look for a new high.

Bollinger bands draw a slight upward channel with wide band spacing reflecting an uptrend with high volatility.

The 50 MA above the lower band draws a slight upward channel and reflects the market uptrend.

The RSI indicator that measures overbought and oversold points to level 64, the price is moving above the uptrend level.

On the H1 timeframe, the Bollinger band appears to be expanding, reflecting increased market volatility. The price is now consolidating for several hours.

The 50 MA above the middle band draws an upward channel reflecting the market uptrend.

The RSI indicator has pointed to an overbought level at 74, warning of a possible reversal.

Support and resistance


In the short term, the support zone is near the lower band at around 167,710 and resistance is near the upper band at around 168,900.
A further increase may repeat the historical price high above the 170 price level.
 
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EURJPY today's price is 169,081, yesterday the price formed a bullish candlestick indicating trend continuation.

On the daily timeframe the price is now moving near the upper band line and the prices appear to be forming a retracement or perhaps a reversal signal.

Bollinger bands are still drawing an upward channel with wide band spacing reflecting high market volatility.
The 50 MA between the lower and middle bands draws a slight upward channel reflecting the market uptrend.
The RSI indicator that measures the overbought and oversold zone points to level 65, which means the price is above the uptrend level.

On the H1 timeframe, the price formed a retracement wave, currently moving near the middle band line trying to break the middle band line.
MA 50 is drawing an ascending channel near the lower band line giving a bullish signal in this timeframe. Meanwhile, the RSI shows that level 57 has left the overbought level but is still above the uptrend level.

Support and resistance

The nearest support is based on the lower band and MA 50 at roughly 168,600 and resistance at roughly 169,500.
Breaking the middle band line allows the price to seek a new low on the hourly timeframe.
 
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EURJPY price today fell at 167,338 from a high of 168,550 yesterday. A reversal pattern has appeared on the daily timeframe since Tuesday.
On the daily timeframe the price is now forming a bearish candlestick slightly above the middle band line. A breakout of this level may bring prices to find new support.

Here the Bollinger bands draw an upward channel with wide spacing indicating bullish sentiment with high market volatility.
MA 50 above the lower band is still drawing an ascending channel, while RSI points to level 55 drawing a descending line from level 68.

On the H1 timeframe, the price breaks the lower band line and is outside the line reflecting the strong volatility occurring in this timeframe. Expanding Bollinger bands reflect increased volatility.

MA 50 above the middle band draws a downward channel indicative of a market downtrend.
On the other hand, RSI gives an alert that the price is now entering the oversold zone at level 27.

Support and resistance

The nearest resistance based on the middle band line is around 168,445 and support based on the middle band at 166,418.
 
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EURJPY price today 169.513. Last week, the price drew a bullish candlestick with higher highs and lower highs reflecting the market uptrend.
On the daily timeframe, we see the price moving below the upper band line. The Bollinger band indicator draws an ascending channel in this timeframe reflecting bullishness with high volatility.

MA 50 above the lower band draws an upward channel indicating an uptrend market with strong momentum. While the RSI indicator points to level 65, the price moves above the uptrend level.

In the H1 timeframe, the price moves near the upper band line, and there is even a breakout of the upper band line reflecting increased volatility. Expanding Bollinger bands indicate high market volatility.

Meanwhile, the 50 MA below the lower band draws a slight upward channel reflecting the market uptrend.
On the other hand, the RSI indicator points to level 66, indicating that prices are moving above the uptrend level.

Support and resistance

Referring to the H4 timeframe, the closest support is based on the middle band line at roughly 168,478 and the resistance zone is near the upper band at roughly 169,831.
 
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EURJPY today's price of 169.725 is moving within the previous range despite drawing a bullish candlestick.

Yesterday's trading price drew a bearish candlestick with shadows on the top and bottom of the candle reflecting the indecision candle.

Today's price EURJPY is drawing a bullish candlestick with a low of 169,438 and a high of 169,774.

On D1 timeframe the price moves below the upper band line. Here the Bollinger bands draw an upward channel with wide band spacing reflecting an uptrend with high volatility markets.

The 50 MA is above the lower band drawing a slight upward channel reflecting an uptrend with strong momentum.
On the other hand, the RSI points to level 66, meaning the price is above the uptrend level near the overbought level zone.

In the H1 timeframe, the price has crossed the middle band line from the downside reflecting the market uptrend. The price is now moving between the upper and middle band lines.

MA 50 near the middle band draws a flat channel reflecting a sideways market. Meanwhile, the Bollinger band indicator appears to be narrowing slightly, indicating reduced volatility. Meanwhile, the RSI points to level 58, meaning the price is above the uptrend level.

Support and resistance

In the short term, the support forecast is based on the lower band at around 169,298 and resistance at 169,878.
 
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EURJPY today's price is at 169,630, prices tend to be flat and almost like there is no movement, yesterday the price drew a bull candlestick with a small body with high and low prices in a narrow range.

On the daily timeframe, prices move between the upper and lower bands. A smaller candlestick arrangement indicates decreasing volatility even though the Bollinger bands appear to be drawing an upward channel with wide band spacing reflecting an uptrend with high volatility, however, the candlesticks provide information more quickly because the BB itself takes data from the history of candlestick prices.
MA 50 above the lower band line draws an upward channel reflecting the market uptrend.
The RSI indicator points to level 65, which means the price is above the uptrend level.

On H1 timeframe, the price is consolidating near the middle band line. Bollinger bands draw a flat channel with narrow bands reflecting a sideways market with a narrow price range with a swing high in the range of 169,814 and a swing low in the range of 169,400.
The 50 MA draws a flat channel near the price reflecting a sideways market.
And the RSI points to level 49, which means the price is moving below the downtrend level.

Support and resistance

In the short term, the support value is near the lower band at around 169,428 and the resistance is near the upper band at around 169,805. Visually, the price is still moving in the previous range.
 
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