- The EUR/JPY could test the new annual maximum in 172.28, marked on Wednesday.
- The 14 -day RSI remains above 70, indicating an overcompra zone and a possible downward correction.
- The 9 -day EMA of 170.67 would act as the main support.
The EUR/JPY advances after registering losses in the previous session, quoting around 171,60 during the European hours on Thursday. The bullish bias is being strengthened as the technical analysis of the daily graph shows that the currency crossing moves up into the ascending channel pattern.
The impulse of the short -term price is stronger since the EUR/JPY crossing remains above the 9 -day exponential mobile (EMA) average. However, the 14 -day relative force (RSI) index remains slightly above the 70th brand, suggesting a possible downward correction since the EUR/JPY crossing is positioned in an overlying area.
On the positive side, the EUR/JPY crossing could prove the new annual maximum in 172.28, which was recorded on July 10. A successful rupture above this level would strengthen the bullish bias and support the crossing of currencies to approach the upper limit of the upward channel around 172.30.
The main support seems to be in the 9 -day EMA of 170.67. A rupture below this level could weaken the impulse of the short -term price and exert down pressure on the EUR/JPY crossing to navigate in the region around the lower limit of the upward channel around 168.50, followed by the 50 -day EMA in 166.66.
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 strongest currency in front of the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | -0.14% | 0.04% | -0.08% | -0.33% | -0.18% | 0.08% | |
| EUR | 0.06% | -0.09% | 0.09% | -0.01% | -0.25% | -0.13% | 0.12% | |
| GBP | 0.14% | 0.09% | 0.16% | 0.08% | -0.16% | -0.02% | 0.21% | |
| JPY | -0.04% | -0.09% | -0.16% | -0.11% | -0.35% | -0.15% | -0.06% | |
| CAD | 0.08% | 0.00% | -0.08% | 0.11% | -0.21% | -0.13% | 0.13% | |
| Aud | 0.33% | 0.25% | 0.16% | 0.35% | 0.21% | 0.10% | 0.33% | |
| NZD | 0.18% | 0.13% | 0.02% | 0.15% | 0.13% | -0.10% | 0.25% | |
| CHF | -0.08% | -0.12% | -0.21% | 0.06% | -0.13% | -0.33% | -0.25% |
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.
