(Last Updated September 30, 2021 2:17 GMT)
Currently, EURJPY’s rate is down -0.4 pips (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 25 pips (0.2%) since the previous day (opening today near 129.77), marking the 3rd consecutive day an upward move 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. The price chart of EURJPY below illustrates.
EURJPY Technical Analysis
Notably, EURJPY crossed above its 20 and 200 day moving averages yesterday. 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 200 day average, which is 10.3 pips away. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 16 out of the past 30 days.