{"id":37747,"date":"2023-10-18T00:00:00","date_gmt":"2023-10-17T20:00:00","guid":{"rendered":"https:\/\/fxglory.com\/forex-market\/market\/market\/analysis\/eur-jpy-forecast-2023-10-18\/"},"modified":"2023-10-18T00:00:00","modified_gmt":"2023-10-17T20:00:00","slug":"eur-jpy-forecast-2023-10-18","status":"publish","type":"market_article","link":"https:\/\/fxglory.com\/zh-hans\/forex-market\/currency-pairs\/eur-jpy\/forecast\/eur-jpy-forecast-2023-10-18\/","title":{"rendered":"EUR\/JPY Forecast \u2014 18 October 2023"},"content":{"rendered":"<p>The EURJPY has been displaying bullish indications, notably through the Ichimoku Kinko Hyo indicator where the last cloud (Kumo) is green, signifying a potential uptrend. The price candles residing above the cloud further underscore this bullish sentiment. Additionally, the conversion line (Tenkan-sen) is positioned above the base line (Kijun-sen) and aligns with the candles, suggesting short-term buying pressure. However, the Relative Strength Index (RSI) stands at 49, indicating a neutral momentum. Furthermore, the RSI-based MA line is trending downwards, which could hint at potential bearish divergence. Considering these dynamics, caution is advised as the market could show mixed signals in the near term.<\/p>\n<p>\u2022 There is a resistance level at 1.68000; followed by resistance at 1.67445 and 1.69025.<\/p>\n<p>\u2022 There is a support level at 1.64000, Below, there are 1.63225 and 1.65479.<\/p>\n<p><strong style=\"color: red;\">Note:<\/strong> We do not suggest any investment advice, and these analyses are just to increase the traders&#8217; awareness but not a certain instruction for trading. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EURJPY has been displaying bullish indications, not [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":22549,"template":"","market_instrument":[65],"market_content_type":[44],"class_list":["post-37747","market_article","type-market_article","status-publish","has-post-thumbnail","hentry","market_instrument-eur-jpy","market_content_type-forecast"],"_links":{"self":[{"href":"https:\/\/fxglory.com\/zh-hans\/wp-json\/wp\/v2\/market_article\/37747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxglory.com\/zh-hans\/wp-json\/wp\/v2\/market_article"}],"about":[{"href":"https:\/\/fxglory.com\/zh-hans\/wp-json\/wp\/v2\/types\/market_article"}],"author":[{"embeddable":true,"href":"https:\/\/fxglory.com\/zh-hans\/wp-json\/wp\/v2\/users\/14"}],"version-history":[{"count":0,"href":"https:\/\/fxglory.com\/zh-hans\/wp-json\/wp\/v2\/market_article\/37747\/revisions"}],"wp:attachment":[{"href":"https:\/\/fxglory.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=37747"}],"wp:term":[{"taxonomy":"market_instrument","embeddable":true,"href":"https:\/\/fxglory.com\/zh-hans\/wp-json\/wp\/v2\/market_instrument?post=37747"},{"taxonomy":"market_content_type","embeddable":true,"href":"https:\/\/fxglory.com\/zh-hans\/wp-json\/wp\/v2\/market_content_type?post=37747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}