Back
10 Jun 2014
EUR/JPY at 2-day low after 140.00 failure
FXStreet (Bali) - EUR/JPY is trading at 139.35, unchanged since the NY close, having posted a daily high at 139.45 and low at 139.33.
How strong has the move been?
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 47.90, up from the last hourly print at 35.59, with ADX at 17.83, down from its previous close at 22.27. Daily RSI sits at 51.09, in neutral territory.
Looking to momentum indicators, the hourly 200 SMA is currently at 139.70, up from the last close at 139.20 and climbing. Over the past 20 days, the exponential average closing price is 139.58, and ranging.
How volatile has EUR/JPY been?
Hourly 2-Standard Deviation Volatility Bandwidth is currently 89 pips, and has been shrinking, while the ATR (14) is currently 7 pips. Daily 2-Standard Deviation Volatility Bandwidth is at 220 pips and shrinking.
EUR/JPY technicals
Valeria Bednarik, Chief Analyst at FXStreet, notes: "The hourly chart shows price broke below its 100 SMA, while momentum regains the downside after correcting some of the oversold readings reached. In the 4 hours chart technical readings also gain bearish tone with some follow through 138.90 required to confirm a downward continuation for today."
How strong has the move been?
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 47.90, up from the last hourly print at 35.59, with ADX at 17.83, down from its previous close at 22.27. Daily RSI sits at 51.09, in neutral territory.
Looking to momentum indicators, the hourly 200 SMA is currently at 139.70, up from the last close at 139.20 and climbing. Over the past 20 days, the exponential average closing price is 139.58, and ranging.
How volatile has EUR/JPY been?
Hourly 2-Standard Deviation Volatility Bandwidth is currently 89 pips, and has been shrinking, while the ATR (14) is currently 7 pips. Daily 2-Standard Deviation Volatility Bandwidth is at 220 pips and shrinking.
EUR/JPY technicals
Valeria Bednarik, Chief Analyst at FXStreet, notes: "The hourly chart shows price broke below its 100 SMA, while momentum regains the downside after correcting some of the oversold readings reached. In the 4 hours chart technical readings also gain bearish tone with some follow through 138.90 required to confirm a downward continuation for today."