EUR/JPY Down 6 Pips On Hourly Chart, 3 Day Down Streak Ended; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated April 28, 2022 1:40 GMT)

At the moment, EURJPY’s rate is down -6.1 pips (-0.04%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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, which opened today priced near 135.539, is up 9 pips 0.07% since the day prior, marking a reversal from the day prior — and the end of a 3 day negative run. Compared to its peers in the Forex, EURJPY gave its buyers a return that ranked 20th in terms of percentage change since the day prior. Below is a price chart of EURJPY.

EURJPY

EURJPY Technical Analysis

Coming into today EURJPY is now close to its 20 and 50 day averages, located at 136.3915 and 132.8187 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days EURJPY’s price has gone up 8 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!