- The EUR/JPY quotes near the 162.20 area with slight profits on Monday before the Asian session.
- The general bias remains bullish despite mixed signs of the indicators.
- Key supports and resistances emerge as the torque is consolidated near the short -term mobile socks.
The EUR/JPY is quoting with slight profits near the area of 162.20 in the Monday session before the Asian Opening, reflecting a cautious but positive mood. After modest fluctuations during European hours, the pair is stabilized in an average range, insinuating a market that awaits new catalysts in Asia. In general, today’s movement shows resilience, with the torque clinging to its recent profits and technical indicators offering a mixed but slightly bullish tone.
When observing the technical configuration, the Relative Force Index (RSI) is around 53, offering a neutral vision and indicating that there are no immediate over -sales conditions or overalls. Meanwhile, the convergence/divergence of the mobile average (MACD) shows a slight sale signal, suggesting some potential for short -term consolidation. However, other indicators such as the Bull Bear Power (around 0.09) and the stochastic %K (about 67) maintain a neutral posture, adding to the cautious feeling.
Despite some neutral and bassist signs, the broader structure is inclined towards the bullish. Simple mobile socks (SMA) of 10 days, 20 days, 100 days and 200 days point up, reinforcing the underlying strength of the euro against Yen. The 30 -day exponential (EMA) mobile average around 161.78 further supports this positive perspective.
On the support side, the immediate cushions are about 162.19, 162.02 and 161.98, areas that can attract buyers if prices fall. The levels of resistance to monitor are placed around 162.25 and 162.73, marking possible obstacles to the bulls looking for more profits.
In general, although the short -term momentum is mixed, the bullish alignment of the main mobile socks suggests that the falls can be superficial and temporal, keeping the EUR/JPY bugle bias intact before the Asian session.
Daily graph
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.
