EUR/JPY Down 3 Pips Over Past Hour, Came Into Today Up For the 7th Consecutive Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated June 6, 2022 1:41 GMT)

At the moment, EURJPY’s rate is down -3.5 pips (-0.02%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as EURJPY has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 64 pips (0.46%) since the previous day (opening today near 140.218), marking the 7th consecutive day an increase has occurred. Compared to its peers in the Forex, EURJPY gave its buyers a return that ranked 9th in terms of percentage change since the previous day. Here is a price chart of EURJPY.

EURJPY

EURJPY Technical Analysis

As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 50 day average, which is 367 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days EURJPY’s price has gone up 19 them.