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The EUR/JPY Bounces Back but Faces Rejection at 162.50

The EUR/JPY Bounces Back but Faces Rejection at 162.50

Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY currency pair is rising but faces rejection at 162.50. Buyers were unable to break through the 164.00 price barrier. In the event that buyers prevailed, the Yen would have increased to 165.78. Today, the Yen has fallen […]

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EUR/JPY Continues Its Sideways Trend and Stays above 158.00

EUR/JPY Continues Its Sideways Trend and Stays above 158.00.

Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: RangingThe EUR/JPY is below the level 160.00 resistance zone as it continues its sideways trend. Since the currency pair’s drop on October 3, the Yen has made a succession of higher highs and higher lows. The pair achieved a new […]

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The EUR/JPY Drops, Aiming for the Low of 158.18

The EUR/JPY Drops, Aiming for the Low of 158.18

Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: RangingThe EUR/JPY pair has fallen below the 160.00 barrier level as it aims for the low of 158.18. The currency pair is falling after reaching a high of 159.91. The pair is now trading at a low of 158.46. Since […]

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EUR/JPY Horizontal Trend Persists as It Challenges Level 158.50

EUR/JPY Horizontal Trend Persists as It Challenges Level 158.50

Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: RangingThe EUR/JPY pair’s horizontal trend has persisted as it challenges level 158.50. The horizontal trend began after the uptrend was terminated at level 160.00 resistance zone. The Yen fell and became stuck between the moving average lines. Later, the bears […]

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EUR/JPY Recovers as It Hits Level 154.42 in a Downturn

EUR/JPY Recovers as It Hits Level 154.42 in a Downturn

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 has continued its descent into the area of the bearish trend as it hits level 154.42 in a downturn. The currency pair has been moving in a range between levels 157.00 and 158.50 since September 1. As […]

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