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EURJPY daily technical analytics

EURJPY 21 06 2024 D1 MT4.png

EURJPY's price today is at 170.162, yesterday the price drew a bullish candlestick with a small body and short shadows on the top and bottom of the candle.

On the D1 timeframe, the price has succeeded in crossing the middle band line from the downside indicating an uptrend. The price is now moving between the upper and middle band lines.

Here the Bollinger bands draw a flat channel with a rather narrow band spacing, reflecting a sideways market with rather low volatility.

The 50 MA is slightly below the lower band line drawing an ascending channel, indicating bullish sentiment.

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

On the H1 timeframe, the price moves between the upper and middle band lines. Here the Bollinger bands draw a slight upward channel with expanding bands indicating bullishness with increased volatility.

The RSI indicator points to level 51, which means the price is slightly above the uptrend level.

Support and resistance

The closest support refers to the middle band at around 169,996 and the lower band at 169,677.
Further increases may reach new resistance at 170,921 and support at 169,240.
 
EURJPY 25 06 2024 D1 MT4.png


EURJPY's price today is at 121.371 and drawing a small bullish candle trying to continue the previous trend.

Meanwhile, yesterday's candlestick drew a long-body bullish candle with a shadow at the bottom of the candle, this reflects a decline and then an increase with the closing price higher than the opening.

On the D1 timeframe, the price is now moving near the upper band line. Here the Bollinger bands expand slightly reflecting increased volatility.

On the other hand, the 50 MA is drawing an ascending channel near the lower band line indicating bullish momentum.

Meanwhile, according to the RSI, which is an oscillator indicator for overbought and oversold, it shows level 65, which means the price is moving above the uptrend level.

On the h1 timeframe, the price is now moving above the middle band line. Bollinger bands drawing a slight upward channel indicate an uptrend with medium volatility.

MA 50 takes a period of 50 candles backwards drawing an upward channel below the lower band line indicating bullish momentum sentiment.

Meanwhile, the RSI points to level 61, indicating that the price is above the uptrend level.

Support and resistance

The nearest support is predicted at 170,727 near the MA line and resistance is 171,549 in the short term.
Furthermore, if the price manages to break high, the price may reach 171,800 with support at 169,600.
 
eurjpy 27 06 2024 d1 mt4.png

EURJPY price today is at 171.608 moving near the upper band line. Yesterday the price drew a long-body bullish candlestick with almost no shadow reflecting the strong price rise.

In the D1 timeframe, Bollinger bands draw a flat channel with expanding bands reflecting rising volatility.

The 50 MA is far below the price near the lower band line drawing an ascending channel indicating bullish momentum. Meanwhile, the RSI, which measures overbought and oversold, points to level 65, meaning the price is above the uptrend level near the overbought zone.

In the H1 timeframe, the increase appears to be fading as seen from the reversal pattern that emerged from the candlestick pattern.

Prices are still moving between the upper and middle band lines. Here the expanding Bollinger band reflects high market volatility.

MA 50 below the middle band line draws a flat channel, indicating prices tend to move sideways. On the other hand, the RSI indicator points to level 59, meaning the price is above the uptrend level.

Support and resistance

The nearest support is based on the MA line at roughly 171.198 and the next support is near the lower band at roughly 170.829.
The nearest resistance is based on the upper band line at roughly 172.00
 
eurjpy 01 07 2024 d1 mt4.png

EURJPY today's price is 172,866, there has been a gap on Monday in this pair.
The gap can be seen clearly in the D1 timeframe, this means there is a spike in trading volume on Saturday and Sunday when the broker is closed.

In the D1 timeframe, prices appear to be flying high. Expanding Bollinger bands reflect high volatility. Meanwhile, the 50 MA is below the middle band line drawing an ascending channel indicating bullish momentum.

On the other hand, the RSI indicator gives an alert that currently the price is in the overbought zone at level 71.

In the H1 timeframe, the gap becomes clearer. Even though the price trend will close the gap, signs of reversal have not yet appeared based on price action. Price is still trying to continue rising near the upper band line.

Bollinger bands in this timeframe draw a flat channel with expanding bands reflecting increased volatility above average.

The 50 MA below the middle band line is also drawing an ascending channel indicating bullish momentum.

Meanwhile, the RSI points to level 74, alerting that the price has entered the overbought zone.

Support and resistance

Common gap: Usually the price will close the gap in one or several days in the same week, but this assessment is not absolute.
Support is predicted near the middle band 172,252 and resistance can reach 173,500.
 
eurjpy 03 07 2024 d1 mt4.png

Today's EURJPY price at 173.658 tends to be in bullish sentiment since June 17. Yesterday the price drew a small body doji candle reflecting market indecision.

in the daily timeframe, the EURJPY price moves near the upper band line. Here it appears that the Bollinger bands are expanding, reflecting high volatility with wide deviations from the average.

MA 50 below the middle band line draws an upward channel indicating an uptrend market.

However, on the other hand, the RSI indicator points to level 74, which means the price has entered the overbought zone. RSI is a leading indicator that gives signals before a trend is formed. This may be a reversal signal.

in the H1 timeframe, the price moves flat, this can be seen from the Bollinger band squeeze that was formed in this timeframe. A narrow distance between the upper and lower bands indicates low market volatility.

MA 50 below the middle band draws a slight upward channel indicating the trend tends to rise. Meanwhile, the RSI indicator points to level 67, which means the price is moving above the uptrend level near the overbought zone.

Support and resistance

In the hourly period, the price is now near resistance at 173,731, and the nearest support is at roughly 173,137. Breaking the upper band line allows the price to find new resistance
 
EURJPY 04 07 2024 d1 mt4.png


EURJPY price today at 174.247 on MT4 FXOpen. Yesterday's price jumped up drawing a long-body bullish candlestick indicating a strong rally. There are almost no shadows on the top and bottom of the candle.

The price increase is still unstoppable and has exceeded the highest price of 2008. The Japanese yen experienced a weakening currency after stopping the negative interest rate policy.

In the daily timeframe, the price is now moving near the upper band line and further away from the average, the expanding Bollinger band reflects high volatility with wider deviations.

MA 50 below the middle band draws an upward channel indicating an uptrend market with strong momentum. On the other hand, the RSI gives an alert that the price is in the overbought zone, warning of a reversal, perhaps Japan will intervene in its currency again.

in the H1 timeframe the price moves near the middle band line. Here the Bollinger band deflates reflecting reduced volatility and price returns to average near the middle band line.

The 50 MA is drawing an ascending channel below the lower band line indicating hourly bullish sentiment.

The RSI indicator points to level 59, meaning the price is above the uptrend level. RSI has exited the overbought zone.

Support and resistance

Support is predicted based on the MA 50 at around 173,734. Meanwhile, if the resistance breaks 174,592, you might look for new resistance
 
eurjpy 06 07 2024 d1 mt4.png


NFP news does not have much influence on EURJPY, last Friday the price drew a bearish candlestick with a small body and shadows on the top and bottom of the candle.

Price formed a low of 173,685 and a high of 174,489. Still moving close to the previous price range which also drew a similar candlestick.

In the daily timeframe, Bollinger bands expand to reflect wide deviations indicating high market volatility.

MA 50 draws an ascending channel below the middle band line indicating an uptrend market with strong momentum.

However, here the RSI points to level 75, giving an alert that the price is in the overbought zone which allows for a reversal.

In the H1 timeframe, prices tend to move in a range. Bollinger bands draw a flat channel with rather narrow band spacing reflecting low volatility.

MA 50 is in line with the middle band line drawing a flat channel, indicating a sideways market.

The RSI indicator points to level 50, the price is in the neutral zone

Support and resistance

The closest support is based on the lower band at roughly 173.765 and resistance is based on the upper band at roughly 174.408.
 
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