EUR/JPY’s daily chart indicators are signaling a bullish reversal. The price chart shows signs of seller exhaustion below 118.00. EUR/JPY is currently trading at 118.20, representing 0.25% gains on the day. The currency pair looks set to test 119.00 in the next 24 hours or so, as the daily chart is flashing early signs of bullish reversal. To start with, the 14-day relative strength index is reporting a bullish divergence. Further, the moving average convergence divergence histogram is about to cross above zero, confirming a bullish reversal. Also, there are strong signs of seller exhaustion on the price chart. For instance, the sellers have repeatedly failed to keep the pair below 117.80 over the last nine days. Daily chart Trend: Bullish Pivot levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next India GDP growth seen at 5.7% in Q1 – Nomura FX Street 4 years EUR/JPY's daily chart indicators are signaling a bullish reversal. The price chart shows signs of seller exhaustion below 118.00. EUR/JPY is currently trading at 118.20, representing 0.25% gains on the day. The currency pair looks set to test 119.00 in the next 24 hours or so, as the daily chart is flashing early signs of bullish reversal. To start with, the 14-day relative strength index is reporting a bullish divergence. Further, the moving average convergence divergence histogram is about to cross above zero, confirming a bullish reversal. Also, there are strong signs of seller exhaustion on the price chart. For… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
