FX.co ★ EUR/JPY

*Technical Analysis of EURJPY Chart: Support, Resistance, Volume, RSI, and Risk Management* Lets dive into the technical analysis of this EURJPY chart on the H1 timeframe. Were gonna break down whats happening with support and resistance levels, volume indicators, RSI, and how to manage risk like a pro. Chart Overview The chart shows EURJPY on H1 from Nov 27 to Dec 5. Price actions been fluctuating between key levels with some volatility. Were seeing candlesticks with moving averages (red, blue, white lines) and indicators like RSI and MACD at the bottom. Support and Resistance Levels *Resistance:* Around 181.00 - 181.30 seems like a tough zone for the price to break. Price hit this zone and bounced back a couple of times. *Support:* The 180.40 - 180.60 range looks like a solid support area. Price has bounced from here recently. Volume Indicator Volumes shown at 46. Not super high, indicating maybe not a lot of conviction in the current move. Low volume can mean less momentum, so be cautious. RSI (Relative Strength Index) RSI(14) is at 47.75.This is kinda mid-range (below 50), suggesting the markets neither super bullish nor bearish. Not in oversold (70) territory, so no extreme signals here.

MACD (Moving Average Convergence Divergence) MACD shows -0.092 (MACD line) and -0.121 (signal line). Since both are negative and the MACD line is above the signal line slightly, this could hint at a tiny bullish edge but its weak. Predicting the Market Given these indicators: Price near support (180.63). RSI mid-range. Low volume. Weak MACD signal. A few scenarios: Price might bounce from support (180.40-180.60) towards resistance (181.00). If support breaks, could see a drop. Risk Management Risk management is KEY when trading: 1. *Set Stop Losses:* Below support (like 180.30) if going long, or above resistance if short. 2. *Position Sizing:* Dont risk too much per trade. Like 1-2% of capital. 3. *Stay Alert:* Watch how price reacts at these levels. Adjust if needed. Conclusion EURJPY on H1 shows possible bounce from support with no strong signals otherwise. Trade with care, manage risk tight. Support and resistance are your friends here.