Invest at least $250 in D2T to gain lifetime access to our VIP Signals
Get early access to Dash 2 Trade’s Presale. Buy the D2T token now
Existing community of 70,000+ traders
Unlocks access to the leading crypto trading analysis, signals and trading tools
As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more
World class development team backed by Quant developers and VC investors
Key Resistance Levels: 132.00, 133.00, 134.00
Key Support Levels: 129.00, 128.00, 126.00
EUR/JPY Price Long-term Trend: Bearish
EUR/JPY pair has been in a sideways trend as it breaks below the previous low at 137.01. The selling pressure has resumed as price breaks below the moving average lines. Meanwhile, on July 8 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the currency pair will decline to level 2.0 Fibonacci extension or level 129.57. From the price action, the market has reached the low of level 134.48.
Daily Chart Indicators Reading:
The currency pair is at level 32 of the Relative Strength Index for period 14. The Yen has fallen to the downtrend zone and it is approaching the oversold region. The price bars are below the moving averages indicating a further decline of the pair.
EUR/JPY Medium-term Trend: Bearish
On the 4- hour chart, the Yen is in a smooth downtrend as the price breaks below the moving average lines. The Yen has fallen to the low of level 134.43. The pair is likely to further decline to the downside.
4-Hour Chart Indicators Reading
The pair is below the 20% range of the daily stochastic. It indicates that the market has fallen to the oversold region. The 21-day line SMA and the 50-day line SMA are sloping downward indicating the downtrend.
General Outlook for EUR/JPY
EUR/JPY is in a downward move as it breaks below the previous low at 137.01. According to the Fibonacci tool, the currency pair will decline to level 2.0 Fibonacci extension or level 129.57.
You can purchase crypto coins here: Buy LBlock
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus