The EUR/JPY pair stands at 164.88, showing mild gains of on Monday’s session.
The daily chart of EUR/JPY reveals a growing buying momentum, thanks to the RSI and the MACD strengthening. The hourly chart shows a shift in market dynamics as indicators favor the buyers. Key Simple Moving Averages underline EUR/JPY's superiority, hinting at the potential long-term upside. The pair exhibits a firm bullish momentum echoed in the strengthening of the indicators on the hourly and daily charts.
The hourly Moving Average Convergence Divergence supports this as it prints decreasing red bars. EUR/JPY hourly chart In evaluating the broader market perspective, according to the Simple Moving Average , the pair's position above the 20, 100, and 200-day SMAs points towards a potential long-term positive trend. As long as the buyers keep the price above these key levels, the outlook will continue to be in their favor. EUR/JPY Overview Today last price 164.99 Today Daily Change 0.
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