(Last Updated April 8, 2020)
Hello! This is the news page for EURJPY. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of EURJPY:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bearish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bullish
How the Current EURJPY Rate Fares Relative to the Past Year?
The previous trading day saw EURJPY close at a rate of 118.472. On a relative basis, that puts the pair closer to its 52 week low (currently at 115.863) than its 52 week high (now at 123.36).To dig deeper and get the latest news on EURJPY, try the links below. You can also visit the MarketWatch or Investing.com pages on EURJPY for more news as well.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
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.
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
The closest is the 20 day average, which is 49 pips away.
As for the rationale, technical traders seem to be citing the appearance of divergence and relative strength index technical patterns.
The closest is the 100 day average, which is 28.6 pips away.
Compared to its peers in the forex, eur/jpy gave its buyers a return that ranked 9th in terms of percentage change since yesterday.