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EUR/JPY Bearish Momentum: 0.792% Down In The Last 24 Hours

(VIANEWS) – EUR/JPY (EURJPY) has been up by 0.7916% for the last session’s close. At 11:09 EST on Tuesday, 25 April, EUR/JPY (EURJPY) is $147.00.

Eur/jpy price analysis: after hitting 9-year highs, it retreated to 148.20s as sellers stepped in

Therefore, the EUR/JPY first support would be the April 24 low of 147.12, followed by the last cycle low of 146.40, before testing the 20-day EMA at 146.01., Conversely, if the EUR/JPY drops below the 148.00 figure, the risk of forming a bearish-engulfing candlestick pattern increases.

EUR/JPY (EURJPY) Range

Regarding EUR/JPY’s daily highs and lows, it’s 0.692% down from its trailing 24 hours low of $148.03 and 0.851% down from its trailing 24 hours high of $148.26.

EUR/JPY’s yearly highs and lows, it’s 10.736% up from its 52-week low and 1.094% down from its 52-week high.

Volatility

EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.23%, 0.21%, and 0.51%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.33% (last week), 0.45% (last month), and 0.51% (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 oversold (<=20).

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