EUR/JPY starts a new bearish wave [Video]

EURJPY turns down after 15-year high, faces weakening bias.
Immediate support could develop within 160.35-161.00 region.

Christina Parthenidou XM

EURJPY traders engaged in some profit taking near last week’s top of 164.28, recording four negative consecutive days to drive the pair as low as 161.38 early on Tuesday.

The negative slope in the momentum indicators is a discouraging signal ahead of Eurozone’s flash business PMI data due on Thursday at 09:00 GMT. But the 20-day simple moving average (SMA) at 161.00 and the tentative ascending support trendline from October at 160.35 are in sight and could still come to the rescue as long as the RSI stands above its 50 neutral mark.

Should the bears breach that floor and reclaim August's high of 159.75, they may next target the 50-day SMA at 159.00. A step below the tentative descending trendline drawn from March 2023 could confirm additional losses to 157.00 and then down to 155.80.

If the price returns above yesterday's base of 162.25 and runs higher than 163.00, the bulls might again attempt to reach the 165.00-165.50 caution area from June 2007-August 2008. A victory there could then form a new higher high around the 167.00 bar, which had been limiting both upside and downside movements during the same period, too.

In brief, EURJPY started a new bearish wave after new 15-year highs, but hopes for a pivot have not evaporated yet as a key support region is in a short distance.

Author

Christina Parthenidou

Christina joined the XM investment research department in May 2017. She holds a master degree in Economics and Business from the Erasmus University Rotterdam with a specialization in International economics.

EUR/USD stays near 1.1650 with fading momentum

EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator at 39 trends lower, confirming fading momentum rather than oversold conditions.

GBP/USD remains below 1.3450, nine-day EMA

GBP/USD remains subdued for the fourth consecutive day, trading around 1.3430 during the Asian hours on Friday. The momentum indicator 14-day Relative Strength Index at 51.9 is neutral, reflecting slower momentum after firm recent readings. An RSI drop back beneath 50 would strengthen the case for a deeper pullback.

Gold edges lower as USD preserves its recent gains ahead of US NFP report

Gold struggles to capitalize on the previous day's goodish rebound from the vicinity of the $4,400 mark and attracts fresh sellers during the Asian session on Friday. The US Dollar preserves its gains registered over the past two weeks and touches a nearly one-month high, undermining the commodity.

Bitcoin, Ethereum and Ripple find key support, reviving rally hopes

Bitcoin, Ethereum, and Ripple steadied above key support levels on Friday after being rejected at mid-week resistance zones. The short-term recovery prospects remain intact if the top three cryptocurrencies by market capitalization hold these support zones.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

Pepe Price Forecast: PEPE risks 100-day EMA fallout as bullish interest fades

Pepe is under extreme selling pressure, trading in the red for the fifth consecutive day, down 1% at press time on Friday. Pepe’s decline following a 72% hike last week suggests a likely profit-booking phase, while on-chain data indicates declining network activity.