The daily RSI for EUR/JPY highlights a decline from overbought levels to negative territory, depicting seller dominance. Similar to the RSI, the daily MACD shows increasing negative momentum. On the hourly chart, low RSI values and a flat red MACD histogram point to a growing near-term bearishness.
Here, the hourly MACD aligns with the daily outlook, displaying red bars which points to further negative momentum over the shorter span. EUR/JPY hourly chart From a broader viewpoint, the EUR/JPY experienced a significant shift, falling below the 20-day Simple Moving Average . This suggests potential short-term bearishness but as long as the pair maintains positions above the more extended 100 and 200-day SMAs, the overall outlook will be positive. EUR/JPY Overview Today last price 164.
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EUR/JPY Price Analysis: Rallies to almost 16-year high, buyers eye 167.00The Euro rallied to a near 16-year high against the Japanese Yen, hitting levels last seen in August 2008, with the latter remaining the laggard in the FX space.
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EUR/JPY Price Analysis: Extends its upside above 166.50 amid the overbought conditionThe EUR/JPY cross trades in positive territory for the fifth consecutive day during the early European trading hours on Thursday.
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EUR/JPY Price Analysis: Bulls continue dominating, yet a consolidation may be incomingThe EUR/JPY stands at 165.68, trading with mild gains still in multi-year highs.
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