- The EUR/JPY will probably find initial resistance around the “backward resistance” level about 164.50.
- The 14 -day RSI keeping above 50 reinforces the bullish bias.
- The initial support is observed in the 9 -day EMA of 162.20, followed by the 50 -day EMA in 161,34.
The EUR/JPY extends its profits for the third consecutive session, quoting around 162.80 during Friday’s Asian hours. The technical analysis of the daily graph shows that the Crosses Crossing is consolidating within an ascending channel, reinforcing a bullish perspective.
In addition, the 14 -day relative force (RSI) index remains above 50, reinforcing the bullish bias. The crossing of currencies also quotes above the exponential (EMA) mobile average of 9 days, indicating a solid short -term impulse and the potential to continue upwards.
On the positive side, the EUR/JPY crossing can face initial resistance in the “backward resistance” near the level of 164.50. If this level is exceeded, the following significant obstacle is found in 166.69, which marks a maximum of nine months seen in October 2024. A break above this level could open the doors so that the currency crossing explores the region around the upper limit of the upward channel near the level of 169.00.
The EUR/JPY crossing could find initial support in the 9 -day EMA around 162.20, followed by the 50 -day EMA in 161.34. A rupture below these levels could weaken the impulse of prices in the short and medium term, potentially applying down pressure to test the lower limit of the ascending channel in 160.50. An additional decrease could lead to the intersection of currencies to its minimum of two months of 155.59, registered on March 4, followed by 154.41, its lowest level since December 2023.
EUR/JPY: Daily graphic
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the strongest currency in front of the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.52% | 0.41% | 0.73% | 0.14% | 0.02% | 0.22% | 0.63% | |
| EUR | -0.52% | -0.12% | 0.23% | -0.40% | -0.50% | -0.29% | 0.10% | |
| GBP | -0.41% | 0.12% | 0.34% | -0.27% | -0.38% | -0.19% | 0.18% | |
| JPY | -0.73% | -0.23% | -0.34% | -0.59% | -0.73% | -0.55% | -0.16% | |
| CAD | -0.14% | 0.40% | 0.27% | 0.59% | -0.21% | 0.07% | 0.46% | |
| Aud | -0.02% | 0.50% | 0.38% | 0.73% | 0.21% | 0.21% | 0.58% | |
| NZD | -0.22% | 0.29% | 0.19% | 0.55% | -0.07% | -0.21% | 0.37% | |
| CHF | -0.63% | -0.10% | -0.18% | 0.16% | -0.46% | -0.58% | -0.37% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
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.
