- The EUR/JPY crossing could face initial resistance around the psychological level of 165.00.
- The 14 -day relative force (RSI) index remains above 50, strengthening the upward perspective.
- The immediate support is observed in the 9 -day EMA of 161.79, followed by the lower limit of the upward channel in 161.50.
The EUR/JPY falls slightly after winning in the previous session, oscillating around 161.90 during the Asian negotiation hours on Thursday. The technical analysis of the daily graphic indicates that the crossing of currencies moves within an ascending channel, supporting a bullish perspective.
In addition, the 14 -day relative force (RSI) index remains above 50, reinforcing the bullish bias. The crossing is also maintained above the 9 -day exponential (EMA) mobile average, pointing out a strong short -term impulse and the potential for more profits.
Upwards, the EUR/JPY crossing could find initial resistance near the “backward resistance” around the psychological level of 165.00. Beyond this, the following key obstacle is found in 166.69 – a maximum of eight months achieved for the last time in October 2024 – aligning with the upper limit of the ascending channel.
The EUR/JPY crossing could find initial support in the 9 -day EMA of 161.79, followed by the lower limit of the ascending channel in 161.50. A rupture below this critical support zone could weaken the short -term impulse, potentially leading to the 50 -day EMA in 160.49.
A greater decrease below the 50 -day EMA could erode the impulse in the medium term, intensifying the bearish pressure and dragging the crossing towards its monthly minimum of 155.59, recorded on March 4, followed by 154.41, its lowest level since December 2023.
EUR/JPY: Daily graphic
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the weakest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.25% | -0.18% | -0.27% | 0.00% | -0.15% | -0.11% | -0.13% | |
| EUR | 0.25% | 0.04% | -0.06% | 0.23% | 0.06% | 0.12% | 0.09% | |
| GBP | 0.18% | -0.04% | -0.10% | 0.19% | 0.02% | 0.06% | 0.05% | |
| JPY | 0.27% | 0.06% | 0.10% | 0.27% | 0.10% | 0.14% | 0.15% | |
| CAD | -0.01% | -0.23% | -0.19% | -0.27% | -0.15% | -0.11% | -0.13% | |
| Aud | 0.15% | -0.06% | -0.02% | -0.10% | 0.15% | 0.05% | 0.04% | |
| NZD | 0.11% | -0.12% | -0.06% | -0.14% | 0.11% | -0.05% | -0.01% | |
| CHF | 0.13% | -0.09% | -0.05% | -0.15% | 0.13% | -0.04% | 0.01% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
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.
