The EUR/JPY registered minimal losses of 0.13% on Thursday after the European Central Bank (ECB) decided to cut interest rates, failing to undermine the Euro.
EUR/JPY trades at 169.46, virtually unchanged, following ECB's interest rate cut. Technical outlook indicates consolidation between 169.40 and 170.00, with subdued momentum. Key resistance at 170.00, June 3 high of 170.89, and YTD high of 171.58. Support levels at 168.50 , 167.45 , and 166.90 . The EUR/JPY registered minimal losses of 0.13% on Thursday after the European Central Bank decided to cut interest rates, failing to undermine the Euro.
That said, the next resistance would be the June 3 high of 170.89, followed by the YTD high at 171.58. Conversely, if EUR/JPY slumps below 169.40, that would exacerbate a drop toward the top of the Ichimoku cloud. Therefore, the first support would be the Senkou Span A at 168.50, followed by the Kiju-Sen at 167.45. Further losses lie beneath at 166.9, the Senkou Span B. EUR/JPY Price Action – Daily Charts EUR/JPY Overview Today last price 169.44 Today Daily Change -0.23 Today Daily Change % -0.
Currencies Crosses Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/JPY Price Analysis: Bears assert their dominance, push the pair the below 20-day SMAIn Tuesday's session, the EUR/JPY pair endured significant selling pressure pushing below the cross below the strong support level of the 20-day Simple Moving Average (SMA) at 169.30, and touching a low of 168.50.
Read more »
EUR/JPY Price Analysis: Momentum shifts, bulls recover 20-day SMAIn Wednesday's session, the EUR/JPY pair witnessed a shift in momentum as buyers stepped in to recover the 20-day Simple Moving Average (SMA) at 169.40, supported by a recovery in the Yen against its peers.
Read more »
EUR/JPY Price Analysis: The key upside barrier emerges above 170.00The EUR/JPY cross snaps the two-day losing streak around 169.30 during the early European session on Wednesday.
Read more »
EUR/JPY Price Analysis: Pair struggles to gain ground as momentum wanesIn Monday's session, a weak Yen against its rivals caused the EUR/JPY pair to slip to 170.30.
Read more »
EUR/JPY Price Analysis: Pulling back in the midst of a strong uptrendEUR/JPY is in an uptrend on all major timeframes and trading with a bullish bias over a short, intermediate and long time horizon.
Read more »
EUR/JPY Price Analysis: Cross gains ground with subtle consolidation signsOn Friday's trading session, despite recent downside corrections, the EUR/JPY pair managed to reclaim its stance above 170.00.
Read more »