(VIANEWS) – EUR/JPY (EURJPY) has been up by 1.47% for the last 10 sessions. At 15:08 EST on Monday, 27 March, EUR/JPY (EURJPY) is $142.05.
Eur/jpy price analysis: extends bounce off golden fibonacci ratio towards 141.50
Even if the EUR/JPY price rises beyond 142.75, a downward-sloping resistance line from mid-December 2022, close to 145.25, could challenge the bulls., On the flip side, the multi-month-old ascending trend line, near 139.65 at the latest, restricts the short-term downside of the EUR/JPY pair before the 61.8% Fibonacci retracement level of 139.15.
EUR/JPY’s yearly highs and lows, it’s 7.007% up from its 52-week low and 4.254% 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 0.21%, a negative 0.16%, and a positive 0.56%, respectively.
EUR/JPY’s highest amplitude of average volatility was 0.71% (last week), 0.60% (last month), and 0.56% (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).
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