(VIANEWS) – EUR/JPY (EURJPY) has been up by 2.42% for the last 21 sessions. At 15:11 EST on Monday, 29 January, EUR/JPY (EURJPY) is $159.68.
Eur/jpy price analysis: the crucial contention level will emerge at 159.90
The EUR/JPY cross loses traction below the mid-160s during the early European trading hours on Monday. , From the technical perspective, the bullish outlook of EUR/JPY looks vulnerable as the cross is set to move below the 100-period Exponential Moving Averages (EMA) on the four-hourchart.
EUR/JPY’s yearly highs and lows, it’s 14.971% up from its 52-week low and 2.803% 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 0.16%, a positive 0.14%, and a positive 0.44%, respectively.
EUR/JPY’s highest amplitude of average volatility was 0.16% (last week), 0.37% (last month), and 0.44% (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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