(VIANEWS) - EUR/JPY (EURJPY) has been up by 1.11% for the last 5 sessions. At 14:06 EST on Wednesday, 10 May, EUR/JPY (EURJPY) is $147.24.
Eur/jpy price analysis: inks bullish pennant, 148.50 in the spotlight
However, the 50% and 61.8% Fibonacci retracement levels of the EUR/JPY pair's March-April upside, respectively near 145.20 and 143.70, can act as additional downside filters before giving control to the bears., Even if the EUR/JPY buyers confirm the bullish pennant breakout, the 50-SMA level of around 149.30 can act as an extra filter ahead of directing the pair towards the theoretical target of near 153.80.
EUR/JPY's yearly highs and lows, it's 10.917% up from its 52-week low and 2.869% down from its 52-week high.
Volatility
EUR/JPY's last week, last month's, and last quarter's current intraday variation average was 0.28%, 0.44%, and 0.59%, respectively.
EUR/JPY's highest amplitude of average volatility was 0.46% (last week), 0.62% (last month), and 0.59% (last quarter), respectively.
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