EURJPY

(Last Updated July 10, 2020)

Welcome to the news page for EURJPY (EURJPY). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

On EURJPY, there is currently an uptrend on the 90 and 14 day timeframes.

EURJPY Moving Averages

Across several time periods between 20 and 200 days, the trend on EURJPY has remained consistently bullish.

The chart below illustrates.

As for assets in the Forex asset class EURJPY has been correlated to over the past week, it has been most correlated with AUDJPY. Over the past 14 days, however, the asset showing the strongest correlation to EURJPY is CHFJPY. Alternatively, the asset least correlated with EURJPY over the past week has been ZARJPY, but if we observe the prior two weeks, the asset least correlated with EURJPY has been GBPAUD. See the chart below to observe the recent price action in EURJPY versus those of assets it hasn’t been well correlated with.

.

The View From the Weekly Timeframe

Currently, EURJPY’s rate is up 0.207 (0.17%) from the week prior. Moreover, note that the weekly chart shows that EURJPY has seen 3 straight up weeks. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. Of note is that the 50 week changed directions on EURJPY; it is now pointing up. Looking further out, the moving averages on the weekly timeframe suggest a bearishess in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. EURJPY’s weekly price action over the past 52 weeks can be seen via the chart below.