EUR/JPY Bullish Momentum With A 2% Jump In The Last 21 Sessions

(VIANEWS) – EUR/JPY (EURJPY) has been up by 2.1% for the last 21 sessions. At 09:08 EST on Friday, 24 May, EUR/JPY (EURJPY) is $170.42.

EUR/JPY’s yearly highs and lows, it’s 15.314% up from its 52-week low and 0.542% down from its 52-week high.

Volatility

EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.09%, 0.10%, and 0.37%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.14% (last week), 0.50% (last month), and 0.37% (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).

News about

  • Usd/jpy price analysis: closes in on resistance with possibility of temporary pullback. According to FXStreet on Wednesday, 22 May, "If USD/JPY corrects it will probably find support at the level of the cluster of Moving Averages between 155.50-80."
  • Usd/jpy price analysis: faces strong resistance as bulls target 157.00. According to FXStreet on Wednesday, 22 May, "The USD/JPY erased Tuesday’s losses and climbed past the 156.50 area after the announcement of the latest US Federal Reserve meeting minutes. ", "The USD/JPY uptrend continues, yet it’s facing stir resistance at the May 14 high of 156.76. "
  • According to FXStreet on Thursday, 23 May, "The USD/JPY pair could retest the upper boundary of the rising wedge near the psychological barrier at 157.00. ", "A rising wedge on a daily chart indicates a bearish turn as the price of the USD/JPY pair moves toward the wedge’s tip. "
  • According to FXStreet on Wednesday, 22 May, "The USD/JPY pair could retest the upper boundary of the ascending triangle near the psychological barrier at 157.00. ", "A break below this level could exert downward pressure on the USD/JPY pair, potentially moving it toward the throwback support at 153.60."
  • Usd/jpy price analysis: creeps higher as buyers target 157.00. According to FXStreet on Thursday, 23 May, "The USD/JPY registered gains for the second consecutive trading day but were marginal. ", "The USD/JPY uptrend is persisting, but it is encountering strong resistance at the psychological 157.00 after clearing the May 14 high of 156.76. "

More news about EUR/JPY (EURJPY).

Leave a Reply

Your email address will not be published.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