- The EUR/JPY can face a key resistance in the upper limit of the upward channel about 164.50.
- The 14 -day RSI remains above 50, strengthening the upward perspective.
- The initial support is observed in the nine -day EMA around 161.57.
The EUR/JPY pauses its three -day winning streak, floating around 162.60 during the first European operations on Wednesday. The technical analysis of the daily graphic suggests that the currency crossing is in an upward trend within an ascending channel, indicating a continuous bullish bias.
In addition, the 14 -day relative force (RSI) index remains above 50, reinforcing the upward perspective for the EUR/JPY crossing. In addition, the position of the currency crossing above the exponential mobile socks (EMA) of nine and 50 days underlines a strong impulse of prices in the short and medium term, supporting the potential of additional gains.
Upwards, the EUR/JPY crossing can find its first key resistance in the upper limit of the upward channel about 164.50, followed by the maximum of four months of 164.90, registered on December 30. A decisive breakdown above this critical area could strengthen the bullish bias, racing the way for a possible test of the maximum of eight months in 166.69.
The EUR/JPY crossing can find initial support in the nine -day EMA of 161.57. A rupture below this level could weaken the impulse of short -term prices, leading to the crossing of currencies towards the EMA of 50 days in 160.13, followed by the lower limit of the ascending channel at 159.30.
An additional fall below this critical support zone could erode the impulse in the medium term, increasing the downward pressure on the crossroads. This could push the EUR/JPY crossing towards its monthly minimum of 155.59, registered on March 4, and potentially at 154.41, the lowest level seen for the last time in 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 US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.50% | 0.25% | -0.01% | 0.19% | 0.48% | 0.54% | 0.06% | |
| EUR | -0.50% | -0.25% | -0.49% | -0.31% | 0.00% | 0.04% | -0.43% | |
| GBP | -0.25% | 0.25% | -0.25% | -0.06% | 0.25% | 0.29% | -0.20% | |
| JPY | 0.01% | 0.49% | 0.25% | 0.17% | 0.50% | 0.51% | 0.06% | |
| CAD | -0.19% | 0.31% | 0.06% | -0.17% | 0.32% | 0.37% | -0.14% | |
| Aud | -0.48% | -0.00% | -0.25% | -0.50% | -0.32% | 0.04% | -0.40% | |
| NZD | -0.54% | -0.04% | -0.29% | -0.51% | -0.37% | -0.04% | -0.48% | |
| CHF | -0.06% | 0.43% | 0.20% | -0.06% | 0.14% | 0.40% | 0.48% |
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.
