EURJPY daily technical analytics

[Polakandil]

EURJPY's price today is at 170.162, yesterday the price drew a bullish candlestick with a small body and short shadows on the top and bottom of the candle.

On the D1 timeframe, the price has succeeded in crossing the middle band line from the downside indicating an uptrend. The price is now moving between the upper and middle band lines.

Here the Bollinger bands draw a flat channel with a rather narrow band spacing, reflecting a sideways market with rather low volatility.

The 50 MA is slightly below the lower band line drawing an ascending channel, indicating bullish sentiment.

The RSI indicator points to level 59, which means the price is moving above the uptrend level.

On the H1 timeframe, the price moves between the upper and middle band lines. Here the Bollinger bands draw a slight upward channel with expanding bands indicating bullishness with increased volatility.

The RSI indicator points to level 51, which means the price is slightly above the uptrend level.

Support and resistance

The closest support refers to the middle band at around 169,996 and the lower band at 169,677.
Further increases may reach new resistance at 170,921 and support at 169,240.

 

[Polakandil]

EURJPY's price today is at 121.371 and drawing a small bullish candle trying to continue the previous trend.

Meanwhile, yesterday's candlestick drew a long-body bullish candle with a shadow at the bottom of the candle, this reflects a decline and then an increase with the closing price higher than the opening.

On the D1 timeframe, the price is now moving near the upper band line. Here the Bollinger bands expand slightly reflecting increased volatility.

On the other hand, the 50 MA is drawing an ascending channel near the lower band line indicating bullish momentum.

Meanwhile, according to the RSI, which is an oscillator indicator for overbought and oversold, it shows level 65, which means the price is moving above the uptrend level.

On the h1 timeframe, the price is now moving above the middle band line. Bollinger bands drawing a slight upward channel indicate an uptrend with medium volatility.

MA 50 takes a period of 50 candles backwards drawing an upward channel below the lower band line indicating bullish momentum sentiment.

Meanwhile, the RSI points to level 61, indicating that the price is above the uptrend level.

Support and resistance

The nearest support is predicted at 170,727 near the MA line and resistance is 171,549 in the short term.
Furthermore, if the price manages to break high, the price may reach 171,800 with support at 169,600.

 

[Polakandil]

EURJPY price today is at 171.608 moving near the upper band line. Yesterday the price drew a long-body bullish candlestick with almost no shadow reflecting the strong price rise.

In the D1 timeframe, Bollinger bands draw a flat channel with expanding bands reflecting rising volatility.

The 50 MA is far below the price near the lower band line drawing an ascending channel indicating bullish momentum. Meanwhile, the RSI, which measures overbought and oversold, points to level 65, meaning the price is above the uptrend level near the overbought zone.

In the H1 timeframe, the increase appears to be fading as seen from the reversal pattern that emerged from the candlestick pattern.

Prices are still moving between the upper and middle band lines. Here the expanding Bollinger band reflects high market volatility.

MA 50 below the middle band line draws a flat channel, indicating prices tend to move sideways. On the other hand, the RSI indicator points to level 59, meaning the price is above the uptrend level.

Support and resistance

The nearest support is based on the MA line at roughly 171.198 and the next support is near the lower band at roughly 170.829.
The nearest resistance is based on the upper band line at roughly 172.00

 

[Polakandil]

EURJPY today's price is 172,866, there has been a gap on Monday in this pair.
The gap can be seen clearly in the D1 timeframe, this means there is a spike in trading volume on Saturday and Sunday when the broker is closed.

In the D1 timeframe, prices appear to be flying high. Expanding Bollinger bands reflect high volatility. Meanwhile, the 50 MA is below the middle band line drawing an ascending channel indicating bullish momentum.

On the other hand, the RSI indicator gives an alert that currently the price is in the overbought zone at level 71.

In the H1 timeframe, the gap becomes clearer. Even though the price trend will close the gap, signs of reversal have not yet appeared based on price action. Price is still trying to continue rising near the upper band line.

Bollinger bands in this timeframe draw a flat channel with expanding bands reflecting increased volatility above average.

The 50 MA below the middle band line is also drawing an ascending channel indicating bullish momentum.

Meanwhile, the RSI points to level 74, alerting that the price has entered the overbought zone.

Support and resistance

Common gap: Usually the price will close the gap in one or several days in the same week, but this assessment is not absolute.
Support is predicted near the middle band 172,252 and resistance can reach 173,500.

 

[Polakandil]

Today's EURJPY price at 173.658 tends to be in bullish sentiment since June 17. Yesterday the price drew a small body doji candle reflecting market indecision.

in the daily timeframe, the EURJPY price moves near the upper band line. Here it appears that the Bollinger bands are expanding, reflecting high volatility with wide deviations from the average.

MA 50 below the middle band line draws an upward channel indicating an uptrend market.

However, on the other hand, the RSI indicator points to level 74, which means the price has entered the overbought zone. RSI is a leading indicator that gives signals before a trend is formed. This may be a reversal signal.

in the H1 timeframe, the price moves flat, this can be seen from the Bollinger band squeeze that was formed in this timeframe. A narrow distance between the upper and lower bands indicates low market volatility.

MA 50 below the middle band draws a slight upward channel indicating the trend tends to rise. Meanwhile, the RSI indicator points to level 67, which means the price is moving above the uptrend level near the overbought zone.

Support and resistance

In the hourly period, the price is now near resistance at 173,731, and the nearest support is at roughly 173,137. Breaking the upper band line allows the price to find new resistance

 

[Polakandil]

EURJPY price today at 174.247 on MT4 FXOpen. Yesterday's price jumped up drawing a long-body bullish candlestick indicating a strong rally. There are almost no shadows on the top and bottom of the candle.

The price increase is still unstoppable and has exceeded the highest price of 2008. The Japanese yen experienced a weakening currency after stopping the negative interest rate policy.

In the daily timeframe, the price is now moving near the upper band line and further away from the average, the expanding Bollinger band reflects high volatility with wider deviations.

MA 50 below the middle band draws an upward channel indicating an uptrend market with strong momentum. On the other hand, the RSI gives an alert that the price is in the overbought zone, warning of a reversal, perhaps Japan will intervene in its currency again.

in the H1 timeframe the price moves near the middle band line. Here the Bollinger band deflates reflecting reduced volatility and price returns to average near the middle band line.

The 50 MA is drawing an ascending channel below the lower band line indicating hourly bullish sentiment.

The RSI indicator points to level 59, meaning the price is above the uptrend level. RSI has exited the overbought zone.

Support and resistance

Support is predicted based on the MA 50 at around 173,734. Meanwhile, if the resistance breaks 174,592, you might look for new resistance

 

[Polakandil]

NFP news does not have much influence on EURJPY, last Friday the price drew a bearish candlestick with a small body and shadows on the top and bottom of the candle.

Price formed a low of 173,685 and a high of 174,489. Still moving close to the previous price range which also drew a similar candlestick.

In the daily timeframe, Bollinger bands expand to reflect wide deviations indicating high market volatility.

MA 50 draws an ascending channel below the middle band line indicating an uptrend market with strong momentum.

However, here the RSI points to level 75, giving an alert that the price is in the overbought zone which allows for a reversal.

In the H1 timeframe, prices tend to move in a range. Bollinger bands draw a flat channel with rather narrow band spacing reflecting low volatility.

MA 50 is in line with the middle band line drawing a flat channel, indicating a sideways market.

The RSI indicator points to level 50, the price is in the neutral zone

Support and resistance

The closest support is based on the lower band at roughly 173.765 and resistance is based on the upper band at roughly 174.408.

 

[Polakandil]

EURJPY's price yesterday drew a long body bearish candlestick with a long shadow on the top candle. Prices fell from a high of 166,524 to a low of 162,000.

In the daily timeframe the price moves outside the lower band line indicating a strong downtrend. Expanding Bollinger bands reflect high upward volatility.

The price also penetrated the 200 MA from the upper side, indicating that the market trend may change towards bearish.

The RSI indicator that measures overbought and oversold points to a value of 20, the price is already in the oversold zone.

in the H1 timeframe, the EURJPY price moves below the middle band line, Bollinger band draws a descending channel reflecting a downtrend with high volatility.

The 200 MA above the 50 MA also indicates a downtrend market, while the RSI points to level 38, trying to get out of the oversold zone.

Support and resistance

The price is currently in the support zone based on the Weekly timeframe price history, but if the decline continues it could reach support at around 160,930. with the closest resistance based on the 200 MA at 164,045, then 170,392.

 

[Polakandil]

EURJPY extended its decline now having reached a low of 158.790. Last weekend the price drew a long body bearish candlestick with a small shadow on the top of the candle.

In the daily timeframe, the price managed to break through the MA 200 which calculates the long-term trend. Prices move outside the lower band line indicating strong bearish sentiment.

Bollinger bands expand indicating a high volatility market with MA 50 starting to draw a downward channel indicating changes in market trends.
The RSI indicator that measures overbought and oversold areas points to a value of 13, meaning the price is in the oversold zone.

In the H1 timeframe, the price appears to slide below the break of the lower band line indicating a strong downtrend.

The 200 MA is drawing a descending channel below the 50 MA is also drawing a descending channel.

Expanding Bollinger bands indicate increased market volatility.

The RSI indicator points to level 21 indicating the price is in the oversold zone.

 

[Polakandil]

EURJPY yesterday drew a long-body bullish candlestick with a shadow on the top candle.

Price drew a low of 157,572 and a high of 161,424. price closes at 160,167.

EURJPY price is now moving between the middle and lower band lines. Previously the price fell to a low level of 154,392 on August 5, but pulled back after that.

Expanding Bollinger bands draw a downward channel indicating high market volatility in a bearish market.

The price is also below the 200 MA and 50 MA, an indication of a downtrend market with the 50 MA position above the 200 MA.

The RSI indicator shows a value of 26, indicating that the price has entered the oversold zone.

In the H1 timeframe, the price tried to break the Bollinger band squeeze to the downside but was blocked by the MA 50 which drew an ascending channel.

Prices below the MA 200 indicate a downtrend market with the MA 50 position below the MA 200.

The RSI indicator points to level 41 in this time frame, indicating the price is below the downtrend level.

 

[Polakandil]

EURJPY price yesterday drew a bullish candlestick with a half-body shadow on the top candle. EURJPY formed a high of 161,946 and a low of 159,930 closing at 160,765.

Prices move between the middle band line and lower band line below the 200 MA and 50 MA with the 50 MA position above the 200 MA.

Bollinger bands draw a descending channel with wide band spacing indicating high market volatility.

The RSI indicator shows a value of 32 trying to get out of the oversold zone.

In the H1 timeframe, the price is now moving below the middle band line near MA 50 which is drawing a flat channel indicating a sideways market.

The 200 MA is below the price and the 50 MA is drawing a descending channel indicating a market downtrend.

Bollinger bands draw a flat channel that deflates indicating a sideways market with reduced volatility.

Meanwhile, the RSI indicator shows a value of 46, indicating the price is below the downtrend level.

 

[Polakandil]

EURJPY yesterday drew a bearish candlestick with a small body and a long shadow at the bottom of the candle. This candlestick reflects when prices fall in the face of heavy buyer pressure pushing prices up.

On D1 timeframe EURJPY price is now moving near the middle band line which is a means of BB deviation.

Bollinger bands appear to still be drawing wide spacing but there are indications of decreasing volatility.

MA 50 above MA 200 indicates an upward signal, but prices below the line reflect a market downtrend.

RSI points to level 43 away from the oversold zone indicates prices still below downtrend zone level.

 

[Polakandil]

EURJPY price is now at 161.606 drawing a small bullish candle. Price is still moving below the 200 MA near the middle band line.

A deflated Bollinger band reflects low market volatility. MA 50 above MA 200 indicates the market is leaning more towards an uptrend.

On the other hand, the RSI points to level 42, meaning the price is moving below the downtrend level, but the rising channel indicates the possibility of rising.

In the H1 the price is now moving above the MA 50 with Bollinger bands drawing an upward channel with wide band spacing indicating an uptrend with high volatility market.

The 200 MA below the middle band draws an upward channel indicating an uptrend. MA 50 above MA 200 indicates the market is leaning bullish.

On the other hand, the RSI is pointing at level 65, trying to move away from the overbought level zone.

 

[Polakandil]

EURJPY price is now at 158.160 near the lower band line. Last week the price drew a bearish candlestick with an almost shadowless body.

In the daily timeframe, gold prices move near the lower band. Bollinger bands appear to be expanding slightly, indicating increased volatility.

The 200 MA near the upper band draws a flat channel indicating sideways, while the 50 MA above the 200 MA draws a descending channel indicating a downtrend.

The RSI indicator is pointing at level 34, trying to stay away from the oversold zone level.

In the H1 timeframe, EURJPY moves near the middle band line trying to cross the middle band from the downside.

MA 200 well above the upper band draws a downward channel indicating a downtrend market, and MA 50 above the price draws a downward channel indicating a downtrend market.

The RSI indicator shows level 48, meaning the price tries to rise to the upside when the price is below the downtrend level.

Support and resistance

The nearest resistance is based on the upper band at 159,153 and support is based on the lower band at 157,306. BB deviations are often considered dynamic support and resistance.

 

[Polakandil]

EURJPY price now at 155.894. Last weekend EURJPY drew a bearish candlestick with a slightly long body with almost no shadow.

In the daily timeframe, the price is now moving near the lower band line. Bollinger bands appear to be expanding, reflecting a downtrend with high volatility.

The 200 MA near the upper band draws a flat channel, while the 50 MA crosses the 200 MA from the upside giving a death cross signal that allows further decline.

The RSI indicator shows level 28, which means the price has entered the oversold zone, allowing for a reversal.

In the H1 timeframe the price is now moving near the lower band, the Bollinger band is deflated indicating low market volatility.

The 200 MA far above the upper band draws a descending channel and the 50 MA near the upper band draws a flat channel indicating a sideways market with a downward trend.

The RSi indicator is pointing at a value of 39 drawing a descending channel indicating a downtrend signal.

 

[Polakandil]

EURJPY yesterday drew a bullish candlestick with a long body with a shadow of a ton of top candles. Price formed an open of 158,063, a high of 159,953, a low of 157,764, and a close of 159,152.

In the daily timeframe, the price is now moving near the middle band line. Bollinger bands draw a descending channel with wide band spacing indicating high market volatility.

The 200 MA above the upper band draws a flat channel, indicating a sideways market, but on the other hand, the 50 MA crosses the 200 MA from the upper side giving a death cross signal which may be more bearish.

The RSI indicator shows level 43 with an upward channel, indicating the price is below the downtrend level and trying to rise.

In the H1 timeframe, the price is now moving near the lower band which is dynamic support. Bolllinger bands draw a flat channel with rather wide band spacing indicating low market volatility.

The 200 MA below the lower band draws a flat channel, and the 50 MA crosses the 200 MA from the downside signaling a golden cross possibly a bullish signal.

The RSI indicator is pointing at level 48 drawing a descending channel indicating a downtrend.

 

[Polakandil]

EURJPY yesterday drew a bearish candlestick with small shadows on the top and bottom of the candle. Visually, the price is still moving within the previous day's range, and drawing a bearish swallowing pattern.

The price is now at 159.535 moving slightly above the middle band line. Bollinger bands draw a flat channel with rather wide band spacing indicating moderate volatility.

The 200 MA is above the upper band drawing a flat channel indicating a sideways market. However, there is a death cross signal from the 50 MA crossing the 200 MA from the upside.

The RSI indicator points to level 48, meaning prices move below the market downtrend level.

In the H1 timeframe, the price is consolidating near the middle band line. Bollinger bands deflate indicating weakening volatility.

MA 200 below the lower band draws an upward channel indicating an uptrend market. Meanwhile, the MA 50 above the MA 200 above the price reflects a weakening uptrend market.

The RSI indicator that measures overbought and oversold shows a value of 42, meaning the price is moving below the downtrend level.

 

[Polakandil]

EURJPY is now trading at around 160.457. Yesterday the price drew a bullish candlestick with almost the same length as the previous bearish candle.

On the daily timeframe, prices move between the upper band and middle band line. Bollinger bands draw a flat channel with rather wide band spacing indicating moderate volatility.

The 200 MA above the upper band draws a flat channel, but the 50 MA crosses the 200 MA from the upper side giving a death cross signal.

The RSI indicator shows level 52, meaning the price is moving above the uptrend level.

In the H1 timeframe, the price is now moving up above the middle band line approaching the upper band line. Bollinger bands are somewhat deflated indicating volatility may be reducing.

The 200 MA is far below the lower band drawing an upward channel, and the 50 MA below the price is drawing a flat channel reflecting a sideways market with an uptrend tendency.

The RSI indicator shows a value of 58, meaning the price is moving above the uptrend level.

 

[Polakandil]

EURJPY price is now at 159.277, yesterday the price drew a bearish candlestick with a long body and a shadow on the top of the candle.

On the daily timeframe, the EURJPY price is now moving near the middle band line which is the mean area of price deviation.

Bollinger bands draw a flat channel with rather wide band spacing indicating moderate volatility.

MA 50 crosses MA 200 from the upper side giving a golden cross signal indicating a downtrend market.

The RSI indicator shows level 47, meaning the price is below the downtrend level.

In the H1 timeframe the price is now moving near the middle band line and trying to break the line.

Bollinger bands deflate indicating reduced volatility.

MA 50 is slightly above the price below MA 200 indicating a downtrend market.

The RSI indicator shows level 49, meaning the price is still below the downtrend level.

 

[Polakandil]

EURJPY yesterday drew a bullish candlestick with a small body and small wicks at the bottom of the candle.

In the daily timeframe, the price is now moving below the upper band line. The Bollinger band is slightly inflated, indicating moderate volatility.

MA 50 near the middle band line below the price has crossed MA 200 from the upside giving a death cross signal.

On the other hand, the RSI indicator shows level 57 with a flat channel, indicating that prices are moving above the uptrend level.

In the H1 timeframe, the price moves near the middle band line. Bollinger band squeeze reflects a sideways market waiting for a breakout.

The 50 MA near the price draws a flat channel far above the 200 MA which also draws a flat channel indicating a sideways market.

RSI shows level 50, which means the price is in the neutral zone.