EURJPY Up 4 Pips On Hourly Chart; Moves Up For the 2nd Day In A Row

Hourly Update

(Last Updated October 15, 2021 23:17 GMT)

At the time of this writing, EURJPY’s rate is up 4.2 pips (0.03%) from the hour prior. This is the 2nd consecutive hour EURJPY has seen its price head 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 is up 58 pips (0.44%) since the day prior (opening today near 131.964), marking the 2nd day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, EURJPY ranked 15th the day prior in terms of percentage price change. Here is a price chart of EURJPY.

EURJPY

EURJPY Technical Analysis

Coming into today EURJPY is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 100 day average, which is 148 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 9 out of the past 14 days.