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 is in an uptrend and trading above the moving average lines as it reaches level 162.00 resistance zone. Since January 19, the Yen has failed to break the resistance level at 162.00. On January 19, 2024, the currency […]
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’s drop subsides above the low of 158.50 as it achieves bearish exhaustion. Furthermore, the currency pair has been caught between the moving average lines since January 31, 2024. On February 1, bulls bought dips when the Yen fell […]
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 is dropping below the moving average lines above level 158.30. The currency pair is trading below the 21-day SMA but above the 50-day SMA. In other words, the price movement has been constrained by the moving average lines. […]
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 currency pair is still trading above the moving average line but risks an additional drop. The current upswing ended after hitting a high of level 161.86. The pair has retraced and is now trading above the 160.00 support […]
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 currency pair resumes its upward trajectory, breaking above the moving average lines. On January 10, 2024, the bulls broke and retested the 21-day SMA before resuming their upward trend. During the January 11 rise, a retraced candle body […]
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 exchange rate is moving sideways as it revisits the barrier at l59.00. The moving average lines have been the pair’s trading range. The currency pair has been trading sideways since the December 7 price collapse as buyers try […]
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 currency pair has reversed its fall that began on December 7 as it bounces above level 154.00. The YEN is trading in a range of 154.00 and 158.00 price levels. Since December 7, buyers have made three unsuccessful […]
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 currency pair has dropped considerably as it retests its prior low at 156.00. On December 19, the currency pair corrected higher but was rebuffed at the 21-day simple moving average. The pair is currently retracing to the downside. […]
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 currency pair has completed its plunge as it breaks above the 156.00 mark. The pair is correcting higher as it consolidates above the 154.50 level. At the time of writing, the Yen is trading at 158.31. The market […]
