EUR/JPY price analysis: The euro is negotiated higher than 162 in the midst of upward mobile socks

• EUR/JPY operates near the 162 zone after a modest advance on Wednesday
• The MACD prints a sales signal, while mobile socks reinforce the bullish impulse
• The support is aligned in 161.87 and 161.89, with resistance emerging about 162.40

The EUR/JPY torque rose slightly on Wednesday before the Asian session, operating near the 162 zone after a daily gain of 0.29%. The session remained confined within a range of 161,351 to 162,279, with the pair supported by the broader upward structure in the trend indicators despite some mixed signs of oscillators.

The relative force index (RSI) remains in a 53.29 neutral, suggesting a stable impulse. However, the convergence/divergence of mobile socks (MACD) is currently showing a sales signal, providing a counterpoint to the predominant upward trend. Both the percentage range of Williams and the amazing oscillator are neutral, offering any strong short -term directional inclination.

From a trend perspective, perspectives are still constructive. The simple mobile average (SMA) of 20 days in 161,871, the 100 -day SMA in 160,718 and the 200 -day SMA in 161,944 are all aligned. An additional support is backed by the 10 -day exponential mobile average (EMA) in 161,892 and the 10 -day SMA in 161,677.

Daily graph