EUR/JPY Bullish Momentum With A 2% Rise In The Last 10 Sessions

(VIANEWS) – EUR/JPY (EURJPY) has been up by 2.26% for the last 10 sessions. At 04:08 EST on Monday, 1 July, EUR/JPY (EURJPY) is $173.15.

EUR/JPY’s yearly highs and lows, it’s 17.159% up from its 52-week low and 0.185% down from its 52-week high.

Volatility

EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.21%, 0.05%, and 0.35%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.29% (last week), 0.29% (last month), and 0.35% (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 trades with positive bias near 161.00, just below its highest level since 1986. According to FXStreet on Monday, 1 July, "The USD/JPY pair kicks off the new week on a subdued note and consolidates its recent strong gains to the highest level since December 1986 touched on Friday. ", "This might hold back the USD bulls from placing aggressive bets and cap the upside for the USD/JPY pair. "
  • According to FXStreet on Monday, 1 July, "Surpassing the upper boundary of the ascending channel pattern around 161.50 will reinforce the bullish sentiment, potentially driving the USD/JPY pair toward the psychological level of 162.00.", "A breach below this level could intensify downward pressure on the USD/JPY pair, potentially driving it toward the lower boundary of the ascending channel around 158.20. "

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