The EUR/JPY pair is trading at 164.22, recording a slight uptick on Tuesday’s session.
- The daily chart reveals that the EUR/JPY maintains a bullish sentiment, as indicated by the rising RSI and diminishing negative momentum via MACD.
- The hourly chart’s RSI shows that the pair is correcting overbought conditions.
The EUR/JPY pair is trading at 164.22, recording a slight uptick on Tuesday’s session.
This slight appreciation points towards a continuing strength of the Euro against the Japanese Yen.
Despite minor market fluctuations suggesting temporary corrections, the broader technical outlook remains largely bullish.
To reinforce this, bulls stepped in and recovered the 20-day Simple Moving Average (SMA) which brightened the outlook for the buyers.
The daily chart reveals that the EUR/JPY pair maintains a bullish momentum, indicated by its Relative Strength Index (RSI) standing at 55, comfortably within the positive trend zone.
This is supported by the falling red bars of the Moving Average Convergence Divergence (MACD) histogram, which demonstrates diminishing negative momentum.
EUR/JPY
| Overview | |
|---|---|
| Today last price | 164.29 |
| Today Daily Change | 0.38 |
| Today Daily Change % | 0.23 |
| Today daily open | 163.91 |
| Trends | |
|---|---|
| Daily SMA20 | 164.02 |
| Daily SMA50 | 162.74 |
| Daily SMA100 | 160.62 |
| Daily SMA200 | 159.5 |
| Levels | |
|---|---|
| Previous Daily High | 164.44 |
| Previous Daily Low | 162.67 |
| Previous Weekly High | 165.18 |
| Previous Weekly Low | 162.28 |
| Previous Monthly High | 165.36 |
| Previous Monthly Low | 160.22 |
| Daily Fibonacci 38.2% | 163.76 |
| Daily Fibonacci 61.8% | 163.35 |
| Daily Pivot Point S1 | 162.91 |
| Daily Pivot Point S2 | 161.9 |
| Daily Pivot Point S3 | 161.13 |
| Daily Pivot Point R1 | 164.68 |
| Daily Pivot Point R2 | 165.45 |
| Daily Pivot Point R3 | 166.45 |