EURJPY Technical Analysis Report 2 August, 2024
The EURJPY pair has been showing some interesting movements in the market recently. As of August 2, 2024, the pair is trading at a level of 130.50.
Looking at the technical indicators, the Relative Strength Index (RSI) is currently at 55, indicating a neutral stance. The Moving Average Convergence Divergence (MACD) is also showing signs of a potential crossover, which could signal a change in momentum.
In terms of support and resistance levels, the pair has immediate support at 130.00, followed by 129.50. On the upside, resistance levels can be seen at 131.00 and 131.50.
Traders should keep a close eye on key economic events and data releases that could impact the EURJPY pair in the coming days. Overall, the technical analysis suggests a neutral outlook for the pair, with the potential for some volatility in the near future.