I-EUR / JPY ikwi-Downtrend njengoko ijongene nokugatywa kwiNqanaba le-135.04

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Amanqanaba okuGxila aphambili132.00, 133.00, 134.00
Amanqanaba enkxaso aphambili: 129.00, 128.00, 126.00

EUR / JPY Ixabiso Ixesha elide Trend: Bullish
NgoMeyi 12, the EUR/JPY pair plunged below the moving averages as it faces rejection at level 135.04. The pair resumes an upward correction but could not break the resistance at level 134.56. In other words, the bulls fail to break above the 50-day line SMA. The pair is likely to fall. Meanwhile, on April 26 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that EUR/JPY will fall to level 1.618 Fibonacci extension or level 130.52.

I-EUR / JPY ikwi-Downtrend njengoko ijongene nokugatywa kwiNqanaba le-135.04
I-EUR / JPY-Itshathi yemihla ngemihla

Ukutsalwa kwezalathi zemihla ngemihla:
The Yen is at level 43 of the Relative Strength Index for period 14. The Yen is now in the bearish trend zone and capable of a further upward move. The price bars are below the moving averages indicating that the Yen may fall. The 21-day SMA and 50-day SMA are sloping upward indicating the uptrend.

I-EUR / JPY Ixesha eliPhakathi iTrendi: Bearish
On the 4- hour chart, the currency is in a downtrend. It has declined to level 132.65 and resumed upward. It fell to the oversold region of the market. Presently, the upward move has been stalled at the overbought region of the market. The pair may face rejection at the recent high.

I-EUR / JPY ikwi-Downtrend njengoko ijongene nokugatywa kwiNqanaba le-135.04
I-EUR/JPY - Itshathi yeyure ezi-4

Izalathi zeTshati yeyure e-4 yokuFunda
EUR/JPY is above the 60% range of the daily stochastic. It implies that the market is in a bullish momentum. The 21-day line and the 50-day line moving averages are sloping southward indicating the downtrend

Umbono jikelele we-EUR/JPY
EUR/JPY is now in a downtrend as it faces rejection at level 135.04. The Yen may further decline to the downside if it faces rejection at the recent high.


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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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