EUR/JPY PRICE ANALYSIS: The torque maintains a bullish posture despite minor losses

• The EUR/JPY is quoted near the 164.00 zone, maintaining a bullish position despite minor losses.
• The impulse remains positive, backed by multiple mobile socks.
• The key support is around 163.60, with resistance about 164.90.

The EUR/JPY pair is negotiated near the 164.00 zone before Wednesday’s Asian session, reflecting a slightly bullish tone despite small losses in the day. The torque is maintained within the average range of its recent fluctuation, indicating a stable but cautious upward trend while operators evaluate the market feeling. The key technical indicators are pointing out a mixed but generally favorable impulse, aligning with the widest upward structure.

From a technical perspective, the relative force index (RSI) is located in the 50s, reflecting neutral conditions, while the indicator of convergence/divergence of mobile socks (MACD) confirms the current purchase impulse. The additional confirmation comes from the Williams Percent Range (14), Awesome Oscillator and Bull Bear Power, all around the area of ​​2, reinforcing the balanced but ascending bias of the torque.

The mobile socks further support this perspective, with the simple mobile average (SMA) of 10 days and the 10 -day exponential mobile average (EMA) both positioned in the 160, aligning with the SMA of 20 days, 100 days and 200 days, all pointing to a broader purchase trend. This alignment in multiple time frames indicates a solid underlying bullish structure, despite recent minor losses.

The immediate support is identified around 163.66, followed by deeper levels in 163.61 and 163.11. On the upward side, resistance is expected about 164.93, which could limit short -term profits.

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