EUR/JPY PRICE ANALYSIS: The euro is stabilized about 164.00 while the upward structure remains firm

• The EUR/JPY quotes around the 164.00 zone after a modest setback in Friday’s session.
• The general bias remains bullish, with support trend indicators that compensate mixed impulse signals.
• The key support levels are located just below, while the resistance is aligned near the recent maximums.

The EUR/JPY pair relaxed slightly on Friday, quoting near the 164.00 zone after the European session, reflecting a modest setback of recent profits. Despite the slight fall, the general perspective remains positive, supported by a group of ascending mobile socks that continue to provide a solid technical base. The short -term impulse is mixed, but the general structure remains clearly bullish.

Technically, the torque is showing a general bullish signal. The relative force index is neutral around 56, indicating a balanced impulse without immediate overcompra pressure. The convergence/divergence of mobile socks confirms the general upward trend with a purchase signal, reinforcing the bullish tone. Meanwhile, Williams’s percentual range and Bull Bear power remain neutral, suggesting that, although the impulse has slowed, it has not yet been reversed.

The upward structure is clearly defined by the position of key mobile socks. Simple mobile socks of 20 days, 100 days and 200 days are all below the current levels and keep ascending pending, offering a strong underlying support. The exponential and simple mobile socks of 10 days are also located just below the market, reinforcing the positive perspective as the pair approaches the Asian session.

Support levels are identified in 163.07, 162.94 and 162.87. The resistance is observed in 163.94, 164.00 and 164.10. A sustained thrust above the immediate resistance zone could confirm a broader breakdown, while a break below the support would probably trigger short -term correction without significantly altering the general trend.

Daily graph