The EUR/JPY slightly declined to 164.70 in Thursday’s session. That being said, the overall trend still favors the bulls but a consolidation phase, suggested by bears dominating the hourly chart, may create a balanced playing field for both buyers and sellers ahead of the Asian session.
On the daily chart, the Relative Strength Index (RSI) for the EUR/JPY pair is in positive territory, with a most recent reading of 58. This suggests that the pair's upsurge might remain intact as long as the RSI stays above the 50 mark, indicating that buyers are in control at this moment.
Meanwhile, on the hourly chart, the EUR/JPY's RSI declined below its middle zone, with the latest reading of 44 as of the last hour. This could point towards a pending period of consolidation. The Moving Average Convergence Divergence (MACD) displays rising red bars, also hinting at a temporary slowdown in the bullish momentum.
Regarding the Simple Moving Average (SMA), the cross EUR/JPY holds strong above its 20, 100, and 200-day SMAs, indicating a bullish stance. That being said the pair must defend the 20-day SMA at 164.00 which is a strong support to maintain the positive short-term outlook.
Overview | |
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Today last price | 164.56 |
Today Daily Change | -0.22 |
Today Daily Change % | -0.13 |
Today daily open | 164.78 |
Trends | |
---|---|
Daily SMA20 | 164.02 |
Daily SMA50 | 162.94 |
Daily SMA100 | 160.67 |
Daily SMA200 | 159.61 |
Levels | |
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Previous Daily High | 164.81 |
Previous Daily Low | 163.93 |
Previous Weekly High | 165.18 |
Previous Weekly Low | 162.28 |
Previous Monthly High | 165.36 |
Previous Monthly Low | 160.22 |
Daily Fibonacci 38.2% | 164.47 |
Daily Fibonacci 61.8% | 164.27 |
Daily Pivot Point S1 | 164.2 |
Daily Pivot Point S2 | 163.62 |
Daily Pivot Point S3 | 163.32 |
Daily Pivot Point R1 | 165.09 |
Daily Pivot Point R2 | 165.39 |
Daily Pivot Point R3 | 165.97 |
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