EUR/JPY Up 2 Pips On Hourly Chart, 2 Day Up Streak Broken; Eyes 200 Day Average

Hourly Update

(Last Updated January 7, 2022 1:39 GMT)

At the moment, EURJPY’s rate is up 1.7 pips (0.01%) from the hour prior. EURJPY has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. 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 entered today at 130.866, down 50 pips (0.38%) from the previous day. Compared to its peers in the Forex, EURJPY gave its buyers a return that ranked 27th in terms of percentage change since the previous day. Below is a price chart of EURJPY.

EURJPY

EURJPY Technical Analysis

Notably, the current price of EURJPY is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 15 out of the past 30 days.