EURJPY TECHNICAL ANALYSIS

Here is a GBPUSD Technical Analysis on the daily time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.

EURJPY on the H4 Time Frame

Price is currently trading below the 15 and 30 EMA.

The price is currently ranging sideways.

Price had just come in contact with a long term support level.

Additional points on EURJPY

15 and 30 EMA may act as a potential dynamic resistance in the potential future.

MACD is red and below the zeroline.

Conclusion

Price is may increase at least up to the long term horizontal resistance level.

 

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Ilyas Ismail

Currency Strategist

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