The EUR/JPY pair is currently trading at 163.13, exhibiting minimal losses.
The daily chart reveals slightly bullish momentum, with RSI at 52, signifying resilient buying traction. Indicators in the hourly chart denote a mild downward trend, which could hint at a potential shift. Buyers must successfully maintain the main SMAs to mitigate bearish threats and ensure bullish continuation. Despite the declines, the broader momentum remains bullish, but this sentiment remains finely balanced and open to fluctuations.
The RSI values display a slight downward trend throughout the latest hours, reaching as low as 46. Alongside this, the consistently shrinking green bars of the MACD confirms the overall bearish momentum. EUR/JPY hourly chart In conclusion, while short-term indicators might show an inclination toward a sellers' market, it's important to note this is within a broader bullish context as seen on the daily chart. Buyers must step in and defend the 20-day SMA at 162.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
EUR/JPY Price Analysis: Bears hold short-term dominance, long-term bullish outlook persistsIn Monday's session, the EUR/JPY pair is trading at 160.57, showing a daily decrease of 0.19%.
Baca lebih lajut »
EUR/JPY Price Analysis: Bears hold short-term dominance, bulls must defend the 20-day SMAIn Wednesday's session, EUR/JPY is trading with mild losses at 163.75.
Baca lebih lajut »
EUR/JPY Price Analysis: Retreats from 16-year highs below 164.00The EUR/JPY registered back-to-back losing sessions after hitting 16-year highs of 165.35.
Baca lebih lajut »
EUR/JPY Price Analysis: Bearish divergence hints at further weaknessEUR/JPY is in a long-term uptrend distinguished by the rising peaks and troughs in price on the weekly chart.
Baca lebih lajut »
EUR/JPY Price Analysis: Bullish momentum upheld, short-term market correction on the horizonThe EUR/JPY pair shows slight losses of 0.26% during Thursday's session.
Baca lebih lajut »
EUR/JPY Price Analysis: Buyers maintain stronghold, impending overbought conditions signal possible downturnIn Tuesday's session, the EUR/JPY pair is trading around the 164.00 region, marking a strong rally of 1.14%.
Baca lebih lajut »