- The EUR/JPY will probably find initial resistance around the nine -day EMA in 163.41.
- The 14 -day RSI has fallen below the 50th brand, indicating a bearish bias in strengthening.
- The key support appears near the lower limit of the upward channel around 162.50, with additional support in the 50 -day EMA in 162.23.
The EUR/JPY extends its loss streak per third consecutive session, quoting around 162.80 during Friday’s Asian hours. The technical analysis of the daily graph shows that the currency crossing is maintained inside an ascending channel, suggesting that a bullish bias is at stake.
However, the EUR/JPY has fallen below the nine -day exponential (EMA) mobile average, pointing out a short -term impulse weakening. Meanwhile, the 14 -day relative force index (RSI) has dropped just below the level of 50, reinforcing the presence of a bearish bias.
On the positive side, the EUR/JPY crossing could face initial resistance in the nine -day EMA of 163.42. A rupture above this level could rekindle the bullish bias and support the torque to test its maximum of six months in 165.21, reached on May 13. If this level is exceeded, the following significant obstacle is found in 166.69, which marks a maximum of nine months seen for the last time in October 2024.
The EUR/JPY crossing could find initial support on the lower limit of the upward channel around 162.50, followed by the 50 -day EMA in 162.23. A rupture below this crucial support zone would confirm the bearish bias and press at the crossroads to navigate in the region of its minimum of two months 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 New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.21% | -0.13% | -0.32% | -0.11% | -0.32% | -0.51% | -0.21% | |
| EUR | 0.21% | 0.08% | -0.11% | 0.09% | -0.11% | -0.31% | -0.00% | |
| GBP | 0.13% | -0.08% | -0.19% | 0.02% | -0.19% | -0.37% | -0.07% | |
| JPY | 0.32% | 0.11% | 0.19% | 0.21% | -0.03% | -0.23% | 0.10% | |
| CAD | 0.11% | -0.09% | -0.02% | -0.21% | -0.23% | -0.39% | -0.08% | |
| Aud | 0.32% | 0.11% | 0.19% | 0.03% | 0.23% | -0.18% | 0.10% | |
| NZD | 0.51% | 0.31% | 0.37% | 0.23% | 0.39% | 0.18% | 0.30% | |
| CHF | 0.21% | 0.00% | 0.07% | -0.10% | 0.08% | -0.10% | -0.30% |
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.
