EUR/JPY Up 8 Pips in Last Hour, Entered Today Up For the 9th Consecutive Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated June 8, 2022 1:40 GMT)

Currently, EURJPY’s rate is up 8.3 pips (0.06%) 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 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 76 pips (0.53%) since the day prior (opening today near 142.077), marking the 9th consecutive day an upward move has occurred. Compared to its peers in the Forex, EURJPY gave its buyers a return that ranked 14th in terms of percentage change since the day prior. 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. For additional context, note that price has gone up 9 out of the past 10 days.