I-EUR / JPY iphinda iqalise ukuthengisa uxinzelelo njengoko iqhekeza ngaphantsi kwe-137.01

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Amanqanaba okuGxila aphambili: 132.00, 133.00, 134.00
Amanqanaba enkxaso aphambili: 129.00, 128.00, 126.00

EUR / JPY Price Ixesha elide Trend: Bearish
EUR/JPY iperi 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.

I-EUR / JPY iphinda iqalise ukuthengisa uxinzelelo njengoko iqhekeza ngaphantsi kwe-137.01
I-EUR / JPY-Itshathi yemihla ngemihla

Ukutsalwa kwezalathi zemihla ngemihla:
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.

I-EUR / JPY Ixesha eliPhakathi iTrendi: 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.

I-EUR / JPY iphinda iqalise ukuthengisa uxinzelelo njengoko iqhekeza ngaphantsi kwe-137.01
I-EUR/JPY - Itshathi yeyure ezi-4

Izalathi zeTshati yeyure e-4 yokuFunda
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.

Umbono jikelele we-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.


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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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