(VIANEWS) – EUR/JPY (EURJPY) has been up by 1% for the last 5 sessions. At 10:09 EST on Tuesday, 18 July, EUR/JPY (EURJPY) is $156.02.
Eur/jpy price analysis: Monday’s bearish doji below 21-dma lures sellers around 156.00
With this, the EUR/JPY prices are likely to remain below the 156.00 round figure and can drop towards the latest trough surrounding 153.40 marked the last week., On the contrary, a daily closing beyond the 21-DMA hurdle of around 156.30 isn’t a sure signal for the EUR/JPY rally as a three-week-long horizontal resistance area surrounding 156.70-90, quickly followed by the 157.00 round figure, will challenge the bulls before giving them control.
EUR/JPY’s yearly highs and lows, it’s 16.945% up from its 52-week low and 1.246% 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 0.01%, a positive 0.08%, and a positive 0.47%, respectively.
EUR/JPY’s highest amplitude of average volatility was 0.45% (last week), 0.39% (last month), and 0.47% (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).
Previous days news about EUR/JPY (EURJPY)
- Eur/jpy price analysis: consolidates around the 155.50 region amid lack of clear direction. According to FXStreet on Monday, 17 July, "According to the four-hour chart, EUR/JPY holds above the 100- and 200-day Exponential Moving Averages (EMA), meaning the path of least resistance for the EUR/JPY appears to the upside.", "On the flip side, EUR/JPY will meet initial support of 155.40 (100-hour EMA) en route to 154.20 (200-hour EMA). "
- Eur/jpy price analysis: consolidates around the 155.50 region amid lack of clear direction. According to FXStreet on Monday, 17 July, "On the flip side, EUR/JPY will meet initial support of 155.40 (100-hour EMA) en route to 154.20 (200-hour EMA). ", "According to the four-hour chart, EUR/JPY holds above the 100- and 200-day Exponential Moving Averages (EMA), meaning the path of least resistance for the EUR/JPY appears to the upside."
More news about EUR/JPY (EURJPY).
