- EUR / JPY is negotiated around zone 164.00 after a modest withdrawal during the Friday session.
- The wider bias remains optimistic, with indicators of support tendency compensating the signals of mixed Momentum.
- The main levels of support is located just below, while the resistance aligns near the recent peaks.
The EUR / JPY pair held slightly on Friday, negotiating near the 164.00 zone after the European session, reflecting a modest withdrawal of recent gains. Despite the minor decline, the wider perspectives remain positive, supported by a group of increasing mobile averages which continue to provide a solid technical basis. The short -term momentum is mixed, but the global structure remains clearly optimistic.
Technically, the pair flashes a Haussier global signal. The relative resistance index is neutral around 56, indicating a balanced momentum without immediate superchant pressure. The divergence of mobile average convergence confirms the wider rise trend with a purchase signal, strengthening the bullish tone. Meanwhile, the range of percentage of Williams and the power of Bull Bear remain neutral, which suggests that even if the momentum has slowed down, it has not yet reversed.
The upward structure is clearly defined by the positioning of key mobile averages. The single, 100 days and 200 days that are all below the current levels of the current levels and maintain ascending slopes, offering strong underlying support. The simple 10 -day exponential and mobile mediums are also just under the market, strengthening the positive prospects when approaching the Asian session.
Support levels are identified at 163.07, 162.94 and 162.87. Resistance is observed at 163.94, 164.00 and 164.10. A thrust sustained above the immediate resistance zone could confirm a wider break, while a break below the support would probably trigger a short-term correction without significantly modifying the overall trend.
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