EUR/JPY Up 15 Pips Over Past Hour; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated April 22, 2022 1:44 GMT)

Currently, EURJPY’s rate is up 15.4 pips (0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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)

The choppiness in the recent daily price action of EURJPY continues; to start today, it came in at a price of 139.032, up 12 pips (0.09%) since yesterday. Compared to its peers in the Forex, EURJPY gave its buyers a return that ranked 21st in terms of percentage change since yesterday. Let’s take a look at price chart of EURJPY.

EURJPY

EURJPY Technical Analysis

The first thing we should note is that EURJPY is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.