Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

EUR/JPY Price Analysis: Bulls hold their breath and consolidate gains after reaching fresh highs

  • EUR/JPY sits at 160.86, suffering minor 0.19 losses and hinting at a slowdown from the recent uptrend.
  • Indicators from the daily chart, such as a flat RSI and MACD's unmoving green bars, signal a tempered buying momentum.
  • Despite short-term negativity, the EUR/JPY remains a stalwart above 20,100,200 day SMAs, indicating a broader bullish control.

In Thursday's session, the EUR/JPY recorded slight losses, settling at 160.86 after a peak at 161.40, its highest since early December. On the daily chart, the bulls took a breather following three consecutive days of gains. Meanwhile, the four-hour chart hints at consolidation from the bulls, albeit amidst overbought territory. On the fundamental side, the JPY remains pushed down due to the lack of guidance regarding the normalization of their monetary policy. On the same line, the Euro faced weakness in the last sessions due to the European Central Bank (ECB) dovish signals.

On the daily chart, the technical indicators reflect a mildly bullish environment in the near term despite the Relative Strength Index (RSI) showing a negative incline within a positive range. The Moving Average Convergence Divergence (MACD) exhibits flat green bars, indicating that the bullish momentum may pause. However, the overarching bullish trend remains intact as the asset sustains its position above the 20, 100, and 200-day Simple Moving Averages (SMAs), implying that the bulls still maintain a steady hold over the larger scenario.

Despite manifesting a flattish orientation in the positive space and the MACD continuing to exhibit unchanging green bars, the four-hour RSI suggests that the buyers retain dominance, albeit with reduced momentum like the daily chart.

EUR/JPY technical levels

EUR/JPY daily chart

GBP/USD holds steady post solid US jobs data, amid risk-on mood

The Pound Sterling (GBP) stayed firm against the US Dollar (USD) on Thursday, courtesy of a hot inflation report on Wednesday, coughing traders by surprise, which trimmed bets the Bank of England (BoE) would ease policy as they initially expected.
Read more Previous

Forex Today: Strong data, rate cut bets bolstered the Dollar (again)

Another positive set of results in US key indicators lent oxygen to the upside bias in the greenback and underpinned the tighter-for-longer narrative around the Fed.
Read more Next