EURJPY

Weekly: the weekly timeframe is bearish too and now we see a push to the upside with 4 green candles in a row….

And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.

Or to simplify this another way, note that out of the past 14 days eur/jpy’s price has gone up 9 them.

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 channel, gartley and triangle technical patterns.

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 price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 38.97% from the day prior, and up 52.22% from the same day the week before.

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.

Out of the 40 instruments in the forex asset class, eur/jpy ended up ranking 35th for the day in terms of day-over-day price change.

The closest is the 20 day average, which is 43.3 pips away.