(VIANEWS) – EUR/JPY (EURJPY) has been up by 1.57% for the last 10 sessions. At 15:06 EST on Tuesday, 21 March, EUR/JPY (EURJPY) is $142.64.
Eur/jpy price analysis: bears eye another battle with key support line below 141.00
In a case where the EUR/JPY remains bearish past the key Fibonacci retracement level, also known as the golden ratio, the sellers won’t hesitate to aim for August 2022 low surrounding 133.40., Meanwhile, the 200-EMA and 38.2% Fibonacci retracement could challenge the EUR/JPY pair’s recovery moves around 141.00 and 142.40.
EUR/JPY’s yearly highs and lows, it’s 8.291% up from its 52-week low and 3.859% down from its 52-week high.
Volatility
EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.27%, a negative 0.06%, and a positive 0.53%, respectively.
EUR/JPY’s highest amplitude of average volatility was 1.08% (last week), 0.57% (last month), and 0.53% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/JPY’s Forex is considered to be overbought (>=80).
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