EURJPY daily technical analytics

[Polakandil]

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.

 

[Polakandil]

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.

 

[Polakandil]

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.

 

[Polakandil]

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.

 

[Polakandil]

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

 

[Polakandil]

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.

 

[Polakandil]

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.

 

[Polakandil]

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.

 

[Polakandil]

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.

 

[Polakandil]

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.

 

[Polakandil]

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.

 

[Polakandil]

EURJPY yesterday drew a small bulls candle depicting a narrow, less volatile price movement.
The market tends to form decision candles even though several indicators indicate bullish signals.

On the D1 timeframe, the EURJPY price moves below the upper band line, and the Bollinger band indicator appears to be drawing an upward channel with wide band spacing reflecting an uptrend with high volatility in the long term.

The 50 MA above the lower band is drawing a slight upward channel reflecting a weak uptrend. Meanwhile, the RSI is pointing at level 68, reflecting that prices are moving near the overbought level.

On the H1 timeframe, prices tend to move within the range bands of the swing high range of 170,513 and the swing low range of 170,059.

Bollinger bands draw a flat channel with slightly wide flat band spacing reflecting sideways with moderate volatility.

The 50 MA is drawing a slight rising channel above the lower band line reflecting weak uptrend momentum.

Meanwhile, the RSI indicator points to level 59, which means the price is above the uptrend level.

Support and resistance

In the short term, the support zone is around 169.90 based on price history and the resistance is around 170,500

 

[Polakandil]

EURJPY's price today is at 170,028 with a retracement pattern seen in the last two candlesticks which draw bearish candles.

In the daily timeframe we see the price moving between the upper and middle band lines. Visually, from the appearance of the Bollinger band, the indicator still reflects a bullish market, while from the candlestick pattern, the bullish sentiment appears to be starting to fade somewhat.
The Bollinger band is slightly deflated as indicated by the upper and lower band lines turning inwards.

The 50 MA is drawing an ascending channel above the lower band reflecting bullish momentum. Meanwhile, the RSI points to level 64, which means prices are still moving above the uptrend level.

In the H1 timeframe, the price moves near the lower band line, here we see the price breaking down the lower band, reflecting the price falling strongly.

Bollinger bands expand in this time frame reflecting increased market volatility. While the MA 50 above the middle band line draws a flat channel allowing a trend transition.

The RSI indicator points to level 34 in this time frame, which means the price is below the downtrend level near the oversold zone

Support and resistance

The price is now moving in the support zone referring to the lower band line on H4, a break of the low level of 169,820 allows the price to look for new lower support.
Possible resistance in the near term in the range of 170,341 refers to the middle band line which often acts as a pivot zone where prices often consolidate.

 

[Polakandil]

EURJPY today is at 169,831 and is drawing a small candle after falling yesterday to a low of 169,051. There is a long shadow reflecting market behavior after a strong decline coupled with strong buying pressure.

Today's market will probably focus on the US PCE core price index data which will be released GMT+3 this Friday.

Now on D1, the EURJPY price is between the upper and middle band lines. A deflated Bollinger band reflects decreasing market volatility.

The indicator's 50 MA near the lower band line is drawing a slight upward channel reflecting the uptrend momentum in this timeframe.

Another indicator, RSI, points to level 62, which means the price is above the uptrend level.

In the short term on the H1 timeframe, the price is now moving near the middle band line which is a consolidation zone, the price is slightly above the line which is more bullish in the short term.

Bollinger bands appear to draw a flat channel reflecting a sideways market that allows prices to move within a range.

The 50 MA above the price near the upper band line draws a slight descending channel giving a short-term downtrend signal.

On the other hand, the RSI indicator points to level 45, which means the price is moving below the downtrend level.

Support and resistance

Referring to the lower band line support shortly is estimated at the price level of 169,347 and resistance at the range level of 170,089.

 

[Polakandil]

EURJPY today's price is 169.834, the price is still moving between the upper and middle band lines. On last week, this pair drew a bullish candlestick with a long body with a higher high.

On D1 the Bollinger band deflates somewhat reflecting the decrease in volatility although the band channel still tends to draw an upward channel.
MA 50 near the lower band draws an upward channel indicative of a market uptrend based on this indicator.
Meanwhile, the RSI indicator is used to measure overbought and oversold points to level 65, which means the price is above the uptrend level.

In the H1 timeframe, prices tend to move within the swing high range of 170,750 and the swing low range of 170,140.
Bollinger bands also appear to be starting to contract, reflecting reduced volatility.

MA 50 below the price near the lower band line draws a flat channel, indicating a sideways market.
And the RSI to measure overbought and oversold points to level 52 which means the price is above the uptrend level.

Support and resistance

Referring to price history, the support area around 169,460 is the demand area. Meanwhile, the resistance zone is around 170.80 which may be a supply zone for the pair in the short term.

 

[Polakandil]

EURJPY price today is at 168,462 after falling sharply yesterday from a high of 170,721 to a low of 168,011.
On the daily timeframe, the price is now moving between the middle and lower band lines after successfully breaking the middle band line yesterday.

Bollinger bands appear to be slightly deflated in this time frame reflecting decreasing volatility.

MA 50 below the lower band drawing an upward channel still indicates an uptrend signal at prices that are approaching the line reflecting weakening bullish momentum.

The RSI indicator appears to be pointing at level 49 in this time frame, the price is moving slightly below the downtrend level.

In the H1 timeframe, the sharp decline begins to weaken, marked by the candlesticks getting smaller and lining up, reflecting the equilibrium area where demand and supply are in balance.

Bollinger bands are starting to contract although the band spacing is still wide reflecting decreasing volatility.

MA 50 below the upper band line draws a descending channel in this time frame reflecting a downtrend signal with strong momentum.
The RSI indicator is pointing at level 35 trying to get out of the oversold level.

Support and resistance

A further break to the downside allows prices to find support near the lower band at 167,578 and resistance near the middle band at 169,342, and then resistance near the upper band line at 171,256.

 

[Polakandil]

EURJPY price today is at 169.616 and moving in the middle band line drawing a small bull candle.

Yesterday the EURJPY price drew a bear's candle with a long shadow of more than half of the candle body on the top candle. This reflects that after the price tried to rise to a high level of 170,283 then the price fell and closed lower than the open price.

On the daily timeframe, the price moves in the middle band line consolidation zone. Here the Bollinger band narrows indicating reduced volatility.

Meanwhile, the 50 MA below the lower band draws a slight upward channel indicating an uptrend market. Another indicator, RSI, points to level 55, this indicates the price is above the uptrend level.

On the H1 timeframe, the price moves between the middle and lower band lines. Here the Bollinger bands draw a flat channel with squeezing band spacing reflecting consolidation.

The 50 MA is slightly above the price drawing a slight upward channel reflecting a bullish signal.

On the other hand, the RSI indicator points to level 46, which means the price is below the downtrend level.

Support and resistance

In the short term, the nearest support target is based on the lower band line at roughly 169,310 and resistance is near the upper band at roughly 170,055.

For the long-term target, it is estimated that the support zone is near the lower band at roughly 168,298 and resistance is near the upper band at roughly 170,863.

 

[Polakandil]

EURJPY price today is at 169.178, the price has drawn a bullish candlestick with a small body reflecting low volatility.

Yesterday the price of this pair recorded a low of 168,291 and a high of 169,204.

On the daily timeframe, we see the price moving between the middle and lower band lines.

Bollinger bands deflate reflecting volatility starting to decrease and tend to draw a flat channel.

MA 50 below the lower band draws an ascending channel, this still gives a bullish signal on the D1 timeframe.

Meanwhile, the RSI indicator points to level 52, which means the price is above the uptrend level.

On the H1 timeframe, the price moves below the upper band line. Bollinger bands here draw a flat channel with rather wide band spacing, reflecting increased volatility.

The 50 MA is slightly below the price drawing a slightly descending flat channel reflecting the downtrend starting to fade.
On the other hand, the RSI indicator points to level 56, which means the price is moving above the uptrend level in the H1 timeframe.

Support and resistance

Now the price is moving near the upper band which could be the first resistance at 169,310, and forecast support is near the lower band at 168,364 for the short term.

 

[Polakandil]

EURJPY's price today on MT4 FXOpen is at 169.478, yesterday the price drew a bull's candle with a long body and a small shadow on the top candle.

On the D1 timeframe, the price is now slightly below the middle band line. This often becomes a consolidation zone as a dynamic pivot point.
The Bollinger band appears to be deflated on the daily time frame reflecting reduced volatility even though the MA 50 is still drawing an upward channel below the lower band line which indicates uptrend momentum.

The RSI indicator points to level 55, which means the price is above the uptrend level. RSI is an oscillator indicator that measures overbought and oversold.

On the H1 timeframe, the price moved below the upper band line and drew a consolidation pattern in the last three hours. Bollinger bands draw an ascending channel with wide band spacing indicating an uptrend at high volatility.

The 50 MA below the middle band draws a slight upward channel here reflecting the price in the bullish zone. Meanwhile, the RSI indicator points to level 62, which means the price is above the uptrend level.

Support and resistance

In the short term, the price is now moving near the upper band which could be dynamic resistance at around 169,672. Breaking this price level can bring the price up higher. Meanwhile, support is based on the lower band at around 168,725.

 

[Polakandil]

EURJPY price today at 169.328 at FXOpen. Yesterday the price drew a bullish candlestick with a shadow at the bottom of the candle. Even though the price has increased, it is still within the previous range. Visually, in last week's trading, the price moved in the range of 167,522-170.34.

On the D1 timeframe, the price is now moving near the middle band line. The middle band line is often a consolidation zone. Here the Bollinger bands draw a flat channel and there is a slightly expanding band indicating an increase in volatility.

The 50 MA is below the price and the lower band draws an upward channel reflecting an uptrend market with weak momentum. On the other hand, the RSI indicator points to level 53, which means the price is moving above the uptrend level.

On the H1 timeframe, the price moves between the upper and lower bands. Here the Bollinger bands appear to expand slightly, indicating an increase in volatility.

MA 50 below the middle band line draws a flat channel indicating a sideways market. Meanwhile, the RSI indicator is pointing at level 63, trying to move away from the overbought zone

Support and resistance

In the short term, support is predicted near the middle band at 169,060, the next support refers to the MA line at 168,747 and 168,459.
Resistance is predicted near the upper band at 169,664 and 170,000