EUR/JPY PRICE ANALYSIS: The euro slips about 162.00 as the bearish pressure begins to increase

• The EUR/JPY is negotiated around the 162.00 zone after sliding modestly in Tuesday’s session.
• The general bias leans down, with averages in the short term and MACD confirming the downward risk.
• The key support levels are close below, while the longest -term trend indicators remain slightly bullish.

The EUR/JPY torque weakened slightly on Tuesday, oscillating around the 162.00 mark after the European session, with the price action keeping in an average range between the maximum and minimum intradic. While the sale pressure is held contained, short -term technicians continue to inclined down, preparing the stage for possible additional softness when entering the Asian session.

Impulse readings are mixed. The relative force index remains close to level 49, indicating a neutral impulse. However, the indicator of convergence/divergence of mobile socks emits a sales signal, confirming that the bassist impulse may be gaining strength. Meanwhile, the rapid stochastic RSI and the raw material channel index are both neutral, without offering a clear counterweight to the bearish signals.

The trend panorama is biased towards short -term decline. The exponential and simple mobile socks of 10 days are both in downward trend and are now located above the price action, acting as a higher resistance. The simple 20 -day mobile average reinforces this perspective with a similar slope down. However, simple mobile socks of 100 and 200 days in the longer term remain below and rising, suggesting that the broader trend support is still maintained for now.

Support is observed in 161.75, 161.70 and 161.51. Resistance levels are aligned at 162.10, 162.14 and 162.29. A rupture below support could trigger a deeper setback, while recovering the short -term mobile socks would be necessary to neutralize the immediate bearish tone.

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