Polakandil
Well-known member
URJPY today price is 158.381 based on MT4 terminal FXOpen, yesterday the price formed a small doji candle.
In the daily timeframe, we can see the EURJPY now move above the middle band line near the upper band line. Here the Bollinger band squeeze which means the market in sideways or low volatility waiting for a breakout. resistance zone near the upper band roughly 158.720 and support near the lower band roughly 156.000, The RSI level 55 indicates the prices are above the uptrend zone level.
In the hourly timeframe, we can see EURJPY now move above the middle band line near the upper band, here the Bollinger band expands which means the market increasing volatility. Meanwhile, the MA 50 draws an ascending line indicating an uptrend market, and the RSI level 61 which means the prices are above the uptrend zone level.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money
In the daily timeframe, we can see the EURJPY now move above the middle band line near the upper band line. Here the Bollinger band squeeze which means the market in sideways or low volatility waiting for a breakout. resistance zone near the upper band roughly 158.720 and support near the lower band roughly 156.000, The RSI level 55 indicates the prices are above the uptrend zone level.
In the hourly timeframe, we can see EURJPY now move above the middle band line near the upper band, here the Bollinger band expands which means the market increasing volatility. Meanwhile, the MA 50 draws an ascending line indicating an uptrend market, and the RSI level 61 which means the prices are above the uptrend zone level.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money