(Last Updated June 22, 2022 1:41 GMT)
At the time of this writing, EURJPY’s rate is down -29 pips (-0.2%) from the hour prior. This is the 2nd hour in a row EURJPY has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 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 up 197 pips (1.39%) since the day prior (opening today near 143.94), marking the 3rd consecutive day an increase has occurred. Compared to its peers in the Forex, EURJPY gave its buyers a return that ranked 3rd in terms of percentage change since the day prior. Let’s take a look at price chart of EURJPY.
EURJPY Technical Analysis
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 19 out of the past 30 days.