Technical Analysis – EURJPY bears target the bottom of the range

Posted on January 14, 2021 at 4:29 pm GMT

EURJPY is looking for a close below the key support region of 126.00 in the four-hour chart after inching below the 200-period simple moving average (SMA) for the first time since November. The 23.6% Fibonacci of the 121.60 – 127.48 uptrend is in the same neighborhood, adding extra importance to the region. Given the negative slope in the red Tenkan-sen line and the downward move in the RSI and the MACD, there is a potential for additional bearish corrections towards [..]

Technical Analysis – EURJPY bulls take a breather near 2-year high

Posted on January 12, 2021 at 8:29 am GMT

EURJPY geared down after topping near the familiar 127.50 barrier from 2017 – 2018, but the 20-day simple moving average (SMA) slightly lower at 146.47 managed to put some breaks to selling forces, preventing any move towards the key 146.00 support region. Currently, the short-term bias is looking neutral as the red Tenkan-sen line is flattening marginally above the stable blue Kijun-sen and the RSI seems to be stabilizing its downward move slightly above 50. The bears, however, may not [..]


Technical Analysis – EURJPY advances despite weak directional momentum  

Posted on January 7, 2021 at 4:37 pm GMT

EURJPY is logging a 22-month top today after overcoming the previously hindering 127.23 inside swing high. The slight gaining in the red Tenkan-sen line is endorsing the positive price action, while the gradual climbs in the simple moving averages (SMAs) are defending the progressing structure. The short-term oscillators are demonstrating minor improvements in positive sentiment. The MACD is growing above its red trigger line in the positive region, while the RSI is creeping higher towards the 70 mark. The positive [..]


Technical Analysis – EURJPY struggles to rekindle ascent past 1½-year peak

Posted on December 29, 2020 at 9:29 am GMT

EURJPY is colliding with the upper boundary of the range at 127.06, finding it difficult to revive the hike. The rising 100- and 200-day simple moving averages (SMAs) and the forthcoming bullish crossover between the 50- and 100-day SMAs are protecting the improving structure. However, the bullish Ichimoku lines and the MACD are reflecting the recent stalling in the climb. Overall, momentum in the short-term oscillators appears to be skewed to the upside. The MACD, some distance above zero, although [..]

Technical Analysis – EURJPY consolidates below 127.00; neutral in short- and medium- term

Posted on December 22, 2020 at 7:39 am GMT

EURJPY is trading with weak directional bias over the last three weeks, while spiking towards the 18-month high of 127.10. The momentum indicators are pointing to a neutral to negative bias in the short term with the RSI just below the 70 suggesting a possible pullback and the MACD is holding below its trigger line in the positive region. In the event of an upside move, the 127.10 resistance could act as a barrier before being able to challenge the 127.50 level, taken from the high in February 2019. [..]


Technical Analysis – EURJPY consolidates but upside risks remain

Posted on December 17, 2020 at 6:59 am GMT

EURJPY nudged back above the 50-period simple moving average (SMA), improving slightly within the sideways move. The flattening 50-period SMA is reflecting the pause in the ascent while the rising 100- and 200-period SMAs are defending the positive structure. The short-term oscillators reflect lethargic momentum. The MACD and its red trigger are sluggish in the vicinity of its zero line, while the RSI is trying to maintain its push above the 50 threshold. The stochastic oscillator beneath the 80 level [..]

Technical Analysis – EURJPY struggles below 18-month high; weak positive bias

Posted on December 15, 2020 at 7:49 am GMT

EURJPY is struggling to gain positive momentum after its fast run above the descending channel and the 125.07 barrier, stalling around the 126.70 resistance. The downside reversal for the 70 level in the RSI and the slowdown in the MACD oscillator justify the diminishing buying pressure, though, both remain well above their neutral thresholds keeping the short-term term risk skewed to the upside. In trend indicators, the bullish cross within the 20- and 40-day simple moving averages is still an [..]


Technical Analysis – EURJPY approaches 126.65 again; looks bullish

Posted on December 10, 2020 at 1:14 pm GMT

EURJPY had a bullish start on Thursday, with the price flirting with the upper surface of a short-term rectangle. The pair has also increased its distance above the Ichimoku cloud, indicating that the recent upward move might hold for longer. The momentum indicators are bullish as the RSI is holding in the positive territory and is strengthening. Also, the stochastic oscillator is heading north after the bullish cross within the %K and %D lines in the oversold zone. Should the price resume bullish momentum, the 126.65 top [..]

Technical Analysis – EURJPY pauses near September’s highs; bias tilted to the upside

Posted on December 8, 2020 at 9:17 am GMT

EURJPY is struggling to gain positive momentum after its fast rebound stalled around 126.40 and within September’s resistance region last week. The downside reversal in the RSI and the slowdown in the Stochastics justify the diminishing buying pressure, though both remain well above their neutral thresholds keeping the short-term risk skewed to the upside. The MACD is also comfortably within the positive territory and above its red signal line despite losing some steam, while in trend indicators, the bullish cross [..]


Technical Analysis – EURJPY recedes a little but preserves bullish charge

Posted on December 3, 2020 at 2:57 pm GMT

EURJPY has eased slightly towards the red Tenkan-sen line at 126.26 after having surged to a three-month high of 126.64. The rising red Tenkan-sen line is promoting strengthening momentum while the slowed pace of the blue Kijun-sen line, is reflecting some weakness in positive price action. The upward sloping simple moving averages (SMAs) are endorsing further advances, while the short-term oscillators are suggesting a downside retracement, as upside drive deteriorates somewhat. The MACD, deep in the positive area, is slipping [..]

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.