Today's HUF to JPY Price Update

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Summary

This report provides the real-time exchange rate between the Hungarian Forint (HUF) and Japanese Yen (JPY), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Today’s Price

  • 1 HUF = 0.48 JPY
  • 24h High: 0.48008 JPY
  • 24h Low: 0.47965 JPY

Market Analysis

The HUF/JPY pair currently exhibits a neutral to bearish technical outlook based on recent indicators.

  • Technical levels: The 14-day Relative Strength Index (RSI) stands at 53.867, indicating a neutral market condition. Moving average analysis suggests a Strong Sell outlook with 12 Sell signals identified across multiple timeframes.
  • Price forecast: The predicted daily closing price for HUF/JPY is 0.4519, with an expected trading range between 0.4511 and 0.4526.
  • Risk note: The predominance of sell signals across moving averages suggests downward pressure in the near term.
  • Trading opportunities: Monitor price action near the forecasted range for potential entry and exit points.

Conclusion

Continue to monitor the HUF/JPY pair closely, paying attention to technical indicators and support/resistance levels. Traders should remain cautious given the current bearish technical signals while watching for potential reversals within the forecasted price range.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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