{"id":103632,"date":"2020-08-24T09:10:23","date_gmt":"2020-08-24T08:10:23","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103632"},"modified":"2020-08-24T09:11:07","modified_gmt":"2020-08-24T08:11:07","slug":"103984-eur-jpy-technical-outlook-weekly-inside-bar-hints-to-a-reversal","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103984-eur-jpy-technical-outlook-weekly-inside-bar-hints-to-a-reversal\/","title":{"rendered":"EUR\/JPY Technical Outlook: Weekly Inside Bar Hints to a Reversal"},"content":{"rendered":"<ul>\n<li>EUR\/JPY isolated nearby big psychological number 125.00 after having registered a loss of 1% in the previous week<\/li>\n<li>Weekly candle signals overbought condition, complemented by a daily bearish crossover signal<\/li>\n<\/ul>\n<p>Last week, the Euro-Yen pair traded firmly lower. The EUR\/JPY exchange rate was confined in a trading range from a low of about 124.28 and a high of 126.75.<\/p>\n<p>On the weekly chart, this price development is known to the technicians as a bearish inside bar.<\/p>\n<p>The bearish inside bar pattern emerged following a well-established bullish trend that started since the beginning of May at 114.40. If the pattern is confirmed it can signal that the buyers are exhausted.<\/p>\n<p>At the same time, the daily chart shows the pair may have carved out a temporary top following a bearish crossover of the 5 and 10 simple moving averages (SMAs).<\/p>\n<p>The pair is at risk of stretching its downside price movement but has a significant support level at 124.29 \u2013 a level established on August 11. A break below this support level could encourage more selling pressure and would open the door for a retest of the 50-day SMA at 122.90 \u2013 which can act as an immediate downside barrier.<\/p>\n<p>On the upside, the bulls can regain control of the pair if they succeed in conquering key intraday swing high level at 125.56.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/JPY isolated nearby big psychological number 125.00 after having registered a loss of 1% in the previous week Weekly candle signals overbought condition, complemented by a daily bearish crossover signal Last week, the Euro-Yen pair traded firmly lower. The EUR\/JPY exchange rate was confined in a trading range from a low of about 124.28 and [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5503,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,2675],"tags":[3098,3165,3100],"class_list":{"0":"post-103632","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-jpy","9":"tag-eur-jpy","10":"tag-sma","11":"tag-technical-analysis"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/JPY Technical Outlook: Weekly Inside Bar Hints to a Reversal - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103984-eur-jpy-technical-outlook-weekly-inside-bar-hints-to-a-reversal\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103984-eur-jpy-technical-outlook-weekly-inside-bar-hints-to-a-reversal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103984-eur-jpy-technical-outlook-weekly-inside-bar-hints-to-a-reversal\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"EUR\\\/JPY Technical Outlook: Weekly Inside Bar Hints to a Reversal\",\"datePublished\":\"2020-08-24T08:10:23+00:00\",\"dateModified\":\"2020-08-24T08:11:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103984-eur-jpy-technical-outlook-weekly-inside-bar-hints-to-a-reversal\\\/\"},\"wordCount\":222,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103984-eur-jpy-technical-outlook-weekly-inside-bar-hints-to-a-reversal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100591-gbp-usd-pound-sinks-may-hangs-on.jpg\",\"keywords\":[\"eur\\\/jpy\",\"SMA\",\"technical analysis\"],\"articleSection\":[\"EUR\",\"JPY\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103984-eur-jpy-technical-outlook-weekly-inside-bar-hints-to-a-reversal\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103984-eur-jpy-technical-outlook-weekly-inside-bar-hints-to-a-reversal\\\/\",\"name\":\"EUR\\\/JPY Technical Outlook: Weekly Inside Bar Hints to a Reversal - 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