- The EUR/JPY quotes around the 162.00 area after a quiet session with slight downward pressure.
- The technical tendency is neutral, with mixed intra -signs that offer little directional conviction.
- Short -term indicators remain stable, while long -term mobile socks suggest underlying support.
The Eur/JPy pair moved modestly on Wednesday, staying near the 162.00 area while heading to the Asian session. The price action remained contained within a narrow daily rank, reflecting indecision among the operators. The moment indicators, such as the relative force index and the percentage range of Williams, are neutral, while the MACD points to a slight bearish pressure. However, long -term mobile socks continue to inclined towards the rise, maintaining the broader perspective supported despite the short -term stagnation.
The EUR/JPY is currently exhibiting a neutral posture. The relative force index is about 51, reinforcing the lack of impulse in any direction. However, the MACD has turned down and now issues a sale signal, suggesting a demand in weakening. Both the stochastic k K and the percentage range of Williams confirm indecision, remaining at neutral levels that reflect the absence of over -sales or overall conditions.
When observing the tendency indicators, the simple mobile socks (SMA) of 20 days, 100 days and 200 days are all positioned below the market and point up, offering a medium -term support structure. In contrast, Ichimoku’s baseline remains flat and neutral, without confirming short -term directional force.
The immediate support is found in 161.91, followed by 161,81 and 161.78. The resistance is observed in 161.96, 162.00 and 162.17.
Daily graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
