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EUR/JPY Holds above 162.00 and Begins a Sideways Move

EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY pair has slipped below the moving average lines as it begins a sideways move. The present rally came to an end after twice challenging the resistance at 165.00. On the downside, selling pressure may persist if […]

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EUR/JPY Restarts Its Uptrend as It Targets the 167.05 High

EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00 and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair maintained its upward trend as it targets the 167.05 high. The bullish trend continues as the currency pair retraces above the 21-day SMA. On March 21, the pair achieved a high of 165.34 before declining […]

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EUR/JPY Retraces above 163.00 as It Continues Its Bullish Rise

EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00 and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BullishEUR/JPY is on an uptrend, with higher highs and higher lows as it continues its bullish rise. The currency pair is approaching the expected price level of the 1.618 Fibonacci extension, or 166.37. Currently, it is forming a […]

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EUR/JPY Is in a Mild Pullback as It Targets Level 166.59

EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00 and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY is in an uptrend as it targets level 166.59. The currency pair is exhibiting a pattern of higher highs and higher lows. The pair is retracing after reaching a high of 165.35. The Yen is […]

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EUR/JPY Oscillates as It Is in a Band below 162.40

Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BearishThe Yen is declining between the moving average lines in a band below 162.40. In the recent market action, the currency pair was in an uptrend, rallying to the 164.00 resistance zone. Buyers intended to keep the price above 164.00. […]

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EUR/JPY Moves Down but Finds Support above 160.62

Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY pair is declining below the moving average lines but finds support above 160.62. The Yen is falling as buyers struggle to maintain positive momentum above level 163.00. On February 26 and March 4, 2024, the pair resisted as […]

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The EUR/JPY Slides but Finds Support Above Level 161.68

Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair is in decline as it finds support above level 161.68. The current trend has terminated when it reaches level 163.72 and is resisted. The Yen has fallen toward the moving average lines. The present rally could continue […]

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The EUR/JPY Meanders Sideways between 159.00 and 162.00

Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair is trading above its moving average lines as it meanders sideways between 159.00 and 162.00. The upward movement has been halted twice by the barrier at level 162.00. On January 19, the currency pair was rejected, falling […]

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