- EUR/JPY may face a key resistance around the psychological level of 165.00, which has been determined as “resistance to retreat”.
- The relative strength index remains for 14 days above 50, which enhances the upscale view.
- On the negative side, the initial support is seen in the EMA for nine days from 161.93.
EUR/JPY has little losses near 162.80 during the Asian session on Tuesday, two consecutive days of gains. The technical analysis of the daily scheme shows the cross currency is heading within an upward channel, which enhances the upscale view.
In addition, the relative strength index remains for 14 days (RSI) above 50, which enhances the ups of the EUR/JPY cross. The cross also exceeds the enlarged moving averages for nine and 50 days (EMAS), highlighting the strong and medium -term momentum and supporting the possibility of obtaining more gains.
On the upper side, the EUR/JPY Cross may face its first key resistance around the psychological level of 165.00, which was marked as a “resistance to retreat”, followed by the upper boundaries of the emerging canal near 166.00. A decisive break over this critical area can enhance bullish prejudice, which may lead to a re -test of the height for eight months at 166.69, the last time in October 2024.
The EUR/JPY Cross may find the initial support in EMA for nine days from 161.93. The break may lead to this level to weaken the momentum in the short term, which pushes the currency of the cross towards the lower boundaries of the emerging canal in 161.00, followed by EMA for 50 days at 160.43.
The deepest decrease to the bottom of this support zone may lead to average -term momentum, which increases the declining pressure. This Cross may lead the EUR/JPY to the lowest monthly level of 155.59, registered on March 4, and may reach 154.41, the lowest level seen since December 2023.
EUR/JPY: Daily Chart
The price of the euro today
The table below shows the percentage of euro change (EUR) against the main currencies listed today. Euro was the weakest against the Australian dollar.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -0.03 % | 0.02 % | -0.03 % | -0.00 % | -0.09 % | 0.10 % | 0.02 % | |
| euro | 0.03 % | 0.04 % | -02 % | 0.00 % | -04 % | 0.11 % | 0.03 % | |
| GBP | -02 % | -04 % | -08 % | 0.00 % | -08 % | 0.07 % | -05 % | |
| JPY | 0.03 % | 0.02 % | 0.08 % | 0.04 % | 0.00 % | 0.14 % | 0.05 % | |
| CAD | 0.00 % | -01 % | -0.00 % | -04 % | -04 % | 0.10 % | -02 % | |
| Aud | 0.09 % | 0.04 % | 0.08 % | -0.00 % | 0.04 % | 0.15 % | 0.07 % | |
| Nzd | -0.10 % | -11 % | -07 % | -0.14 % | -0.10 % | -0.15 % | -0.12 % | |
| Chf | -02 % | -0.03 % | 0.05 % | -05 % | 0.02 % | -07 % | 0.12 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the euro from the left column and move along the horizontal line to the US dollar, the percentage offered in the box will represent EUR (Base)/USD (quote).
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