EUR/JPY could rise rise to 118.00-118.20 in the next few hours. The pair has created a long-tailed doji on the hourly chart. The hourly chart is reporting bullish divergence of indicators. EUR/JPY could be in for a minor corrective bounce to 119.00-119.20, as signs of seller exhaustion have emerged on the hourly chart. To start with, the pair created a big long-tailed doji early today, a sign of indecision among sellers. Further. the relative strength index (RSI) is beginning to produce higher lows, contradicting lower lows on price, meaning the indicator is charting a bullish divergence. The moving average convergence divergence is also reporting a bullish divergence. All-in-all, the stage looks set for a corrective rally. As of writing, the pair is trading at 118.82. Hourly chart Trend: Oversold bounce Pivot points 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 WTI technicals: Bears can target the $50 handle on an escalation of the trade wars and $58.40 on the wide FX Street 4 years EUR/JPY could rise rise to 118.00-118.20 in the next few hours. The pair has created a long-tailed doji on the hourly chart. The hourly chart is reporting bullish divergence of indicators. EUR/JPY could be in for a minor corrective bounce to 119.00-119.20, as signs of seller exhaustion have emerged on the hourly chart. To start with, the pair created a big long-tailed doji early today, a sign of indecision among sellers. Further. the relative strength index (RSI) is beginning to produce higher lows, contradicting lower lows on price, meaning the indicator is charting a bullish… 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.
