The EUR/JPY seesawed within a 180-pip range on Thursday yet is posting losses of 0.45% after hitting a daily high of 170.13.
EUR/JPY buying pressure fades after consolidating around 168-170 for almost one month. Momentum supports sellers, with potential targets seen at 167.47 and 165.92. Upside is limited, yet a breach of 170.00, could pave the way to test the year-to-date high of 171.58. At the time of writing, the pair exchanged hands at 168.60, below its opening price. EUR/JPY Price Analysis: Technical outlook After peaking at around 170.
47, that could exacerbate a dip inside the Kumo, an indication of the acceleration of the downtrend. The next support would be the bottom of the Kumo at 165.92, followed by the 100-DMA at 164.78. EUR/JPY Price Action – Daily Chart EUR/JPY Overview Today last price 168.7 Today Daily Change -0.70 Today Daily Change % -0.41 Today daily open 169.4 Trends Daily SMA20 169.65 Daily SMA50 167.42 Daily SMA100 164.72 Daily SMA200 161.78 Levels Previous Daily High 169.59 Previous Daily Low 168.
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EUR/JPY Price Analysis: Extends its upside, the next hurdle is seen at 169.40The EUR/JPY cross extends the rally around 169.20 during the early European trading hours on Friday.
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