Daily analysis of EUR/JPY for March 30, 2018

EUR/JPY

The situation on this cross pair remains unchanged. It can be rightly said that the price is now ranging, which would eventually bring about a neutral bias in the market. The sideways movement is expected to continue for some time, but it would eventually end as volatility arises in the market.

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The formation of the EMAs 11 and 56, and the RSI period 14 indicates some neutrality in the market. A rise from here would make the EMA 11 to stay above the EMA 56, and a fall from here may force the EMA 11 to go below the EMA 56.

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