FX.co ★ EUR/JPY

Hello traders. Let's analyze the EUR/JPY currency pair on the hourly chart. Currently, the exchange rate is trading at 169.34. Yesterday, the bulls managed to reverse the currency rate from the level of 168.40. The currency quotes reached a maximum price of 169.50. The Parabolic SAR technical indicator is signaling for buying opportunities. The MACD indicator is in the positive zone. If today the bulls succeed in breaking the level of 169.50, then we can expect further increase in quotes towards the level of 171.00. Good luck to all traders.