EUR/JPY Bearish Momentum With A 2% Drop In The Last 10 Sessions

(VIANEWS) – EUR/JPY (EURJPY) has been up by 2.2% for the last 10 sessions. At 20:08 EST on Thursday, 11 May, EUR/JPY (EURJPY) is $146.79.

EUR/JPY’s yearly highs and lows, it’s 10.574% up from its 52-week low and 3.169% 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 0.05%, a positive 0.38%, and a positive 0.59%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.41% (last week), 0.62% (last month), and 0.59% (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).

Previous days news about EUR/JPY (EURJPY)

  • Eur/jpy price analysis: inks bullish pennant, 148.50 in the spotlight. According to FXStreet on Wednesday, 10 May, "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 price analysis: struggles below 20-dma as bearish momentum builds. According to FXStreet on Wednesday, 10 May, "Conversely, if EUR/JPY rallies and claims the 20-day EMA, it could climb above the 148.00 mark. ", "If EUR/JPY drops below the current week’s low of 147.04 and the RSI pierces the 50-midline, that will exacerbate a decline to the 50-day EMA at 145.99. "

More news about EUR/JPY (EURJPY).

Leave a Reply

Your email address will not be published. Required fields are marked *