The EUR/JPY currency pair stands at 164.71, reflecting a persistent bullish upsurge as it cleared daily losses and defended the 20-day Simple Moving Averages (SMA). However, caution is warranted considering the shifting market environment as the flattening momentum, revealed on the daily and hourly chart may cool down the bullish outlook.
On the daily chart, the Relative Strength Index (RSI) pair is trending positive, at 58 but flattened. Simultaneously, the Moving Average Convergence Divergence (MACD) reveals red bars, hinting at a steady selling pressure.
Taking into account the hourly chart, the latest RSI value is just above the middle ground at 53, also with a flat slope. This signifies neutrality within the market. Meanwhile, the MACD decreasing green bars, signaling a potential slowdown in the upward pressure.
In light of the recent market conditions, the EUR/JPY lies above its 20,100, and 200-day SMA, depicting a sturdy ascending pattern in its broader outlook. It suggests the pair have shown resilience in maintaining the bullish momentum both from a short-term and long-term perspective. On Friday, the cross held onto the 20-day SMA at 164.00, suggesting that the bulls remain resilient. Essentially, if the pair continues to stay above the SMA's, it could extend its upward trajectory, enhancing its technical stance in the forthcoming sessions.
Overview | |
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Today last price | 164.64 |
Today Daily Change | 0.05 |
Today Daily Change % | 0.03 |
Today daily open | 164.59 |
Trends | |
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Daily SMA20 | 164.02 |
Daily SMA50 | 163.02 |
Daily SMA100 | 160.71 |
Daily SMA200 | 159.65 |
Levels | |
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Previous Daily High | 164.96 |
Previous Daily Low | 164.35 |
Previous Weekly High | 165.18 |
Previous Weekly Low | 162.28 |
Previous Monthly High | 165.36 |
Previous Monthly Low | 160.22 |
Daily Fibonacci 38.2% | 164.58 |
Daily Fibonacci 61.8% | 164.73 |
Daily Pivot Point S1 | 164.31 |
Daily Pivot Point S2 | 164.03 |
Daily Pivot Point S3 | 163.71 |
Daily Pivot Point R1 | 164.91 |
Daily Pivot Point R2 | 165.23 |
Daily Pivot Point R3 | 165.51 |
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