(Last Updated June 7, 2021 3:19 GMT)
At the moment, EURJPY’s rate is down -6.4 pips (-0.05%) from the hour prior. This is the 2nd straight hour EURJPY has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EURJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURJPY is down 51 pips (0.38%) since the previous day (opening today near 133.246), marking the 2nd straight day a decrease has occurred. Relative to other instruments in the Forex asset class, EURJPY ranked 29th the previous day in terms of percentage price change. Here is a price chart of EURJPY.
EURJPY Technical Analysis
Notably, the current price of EURJPY is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for EURJPY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.