EUR/JPY Up 18 Pips in Last Hour, Entered Today Up For the 8th Day In A Row; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated June 7, 2022 1:41 GMT)

At the moment, EURJPY’s rate is up 17.9 pips (0.13%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as EURJPY has now gone up 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend 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 110 pips (0.79%) since the previous day (opening today near 141.321), marking the 8th day in a row an upward move has occurred. Compared to its peers in the Forex, EURJPY gave its buyers a return that ranked 10th in terms of percentage change since the previous day. The price chart of EURJPY below illustrates.

EURJPY

EURJPY Technical Analysis

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 20 them.