- EUR/JPY discovers assistance at Ichimoku cloud bottom, trading topped at upper edge at 161.45.
- Bearish momentum kept in mind; deals with resistance at 161.00 and 50-day SMA at 161.75.
- Decrease listed below Ichimoku cloud might check much deeper assistances at 156.16 and 154.39.
The EUR/JPY bottomed near 159.69 and increased previous 160.50 on Friday after signing up 2 successive days of losses as threat cravings degraded. At the time of composing, the cross-pair trades at 160.82, up 0.69%.
EUR/JPY Rate Projection: Technical outlook
The EUR/JPY trades sideways, topped on the drawback by the Ichimoku cloud (Kumo) near the everyday low and peaked at the top of the Kumo at 161.45.
Although momentum is a little bearish, with the Relative Strength Index (RSI) listed below its neutral level, sellers need to press the EUR/JPG underneath the bottom of the kumo towards 159.00.
A breach of the latter will intensify a December 3 swing low test of 156.16. On additional weak point, 156.00 is up next, followed by the August 5 swing low of 154.39.
On the benefit, the very first resistance is 161.00, the top of the variety at 161.45, and the 50-day Simple Moving Typical (SMA) at 161.75. When exceeded the next stoup would be the 162.00 mark.
EUR/JPY Rate Chart – Daily
Euro Cost Today
The table listed below programs the portion modification of Euro (EUR) versus noted significant currencies today. Euro was the greatest versus the Japanese Yen.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | -0.02% | 0.31% | 0.51% | 0.05% | -0.12% | 0.01% | 0.24% | |
EUR | 0.02% | 0.33% | 0.61% | 0.06% | -0.09% | 0.04% | 0.26% | |
GBP | -0.31% | -0.33% | 0.27% | -0.26% | -0.41% | -0.29% | -0.07% | |
JPY | -0.51% | -0.61% | -0.27% | -0.52% | -0.70% | -0.56% | -0.34% | |
CAD | -0.05% | -0.06% | 0.26% | 0.52% | -0.18% | -0.03% | 0.19% | |
AUD | 0.12% | 0.09% | 0.41% | 0.70% | 0.18% | 0.14% | 0.35% | |
NZD | -0.01% | -0.04% | 0.29% | 0.56% | 0.03% | -0.14% | 0.22% | |
CHF | -0.24% | -0.26% | 0.07% | 0.34% | -0.19% | -0.35% | -0.22% |
The heat map reveals portion modifications of significant currencies versus each other. The base currency is chosen from the left column, while the quote currency is chosen from the leading row. For instance, if you choose the Euro from the left column and move along the horizontal line to the United States Dollar, the portion modification showed in package will represent EUR (base)/ USD (quote).
Source: FXstreet.