The EUR/JPY pair has found acceptance below the 50-hour, 100-hour, and 200-hour exponential moving averages (EMAs), having established lower highs and lower lows pattern on the hourly chart in the last seven days. The hourly relative strength index (RSI) has dipped below 50.00 in favor of the bears and is pointing south. Further, the 5-day and 10-day EMAs are beginning to roll over in favor of the bears. Hourly Chart Spot Rate: 131.60 Daily High: 132.00 Daily Low: 131.60 Trend: Bearish Resistance R1: 131.90 (Sept. 24 low) R2: 132.21 (trendline hurdle) R3: 132.46 (resistance of Oct. 1 high on the hourly chart) Support S1: 131.18 (Sept. 28 low) S2: 130.87 (Aug. 30 high) S3: 130.00 (100-day MA) 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 NZ: Business confidence falls further – Westpac FX Street 4 years The EUR/JPY pair has found acceptance below the 50-hour, 100-hour, and 200-hour exponential moving averages (EMAs), having established lower highs and lower lows pattern on the hourly chart in the last seven days. The hourly relative strength index (RSI) has dipped below 50.00 in favor of the bears and is pointing south. Further, the 5-day and 10-day EMAs are beginning to roll over in favor of the bears. Hourly Chart Spot Rate: 131.60 Daily High: 132.00 Daily Low: 131.60 Trend: Bearish Resistance R1: 131.90 (Sept. 24 low) R2: 132.21 (trendline hurdle) R3: 132.46 (resistance of Oct. 1 high on the… 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.
