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  • EUR/JPY faces a slight downturn but manages to stay above the crucial 163.00 level.
  • The pair touched a three-day low at 162.15, yet a 'hammer' pattern in today's trading indicates potential buyer intervention around the Tenkan-Sen level of 162.37.
  • A move below 163.00 might lead to a further decline towards the day's low of 162.15, potentially extending to the 162.00 level

EUR/JPY registers back-to-back days of losses, down 0.22% in late trading during Friday's North American session, set to remain above the 163.00 figure after reaching a three-day low of 162.15.

Even though the EUR/JPY sees red, today’s price action forming a hammer suggests that buyers stepped in at around the Tenkan-Sen at 162.37. After that, the cross-pair climbed more than 80 pips, opening the door for further upside.

If EUR/JPY climbs above the 164.00 figure, that could open the door to challenge the year-to-date (YTD) high of 164.31, ahead of the 165.00 mark. On the other hand, if sellers step in and pull prices below the 163.00 figure, a dive toward the day’s low of 162.15, is on the cards. Up next, the pair could drop to 162.00, followed by the Senkou Span A at 161.51, ahead of sliding toward the Kijun-Sen at 160.65.

EUR/JPY Price Analysis – Daily Chart

EUR/JPY Technical Levels

EUR/JPY

Overview
Today last price 163.21
Today Daily Change -0.28
Today Daily Change % -0.17
Today daily open 163.49
 
Trends
Daily SMA20 160.55
Daily SMA50 158.8
Daily SMA100 157.97
Daily SMA200 152.61
 
Levels
Previous Daily High 164.31
Previous Daily Low 163.26
Previous Weekly High 161.95
Previous Weekly Low 160.15
Previous Monthly High 160.85
Previous Monthly Low 154.39
Daily Fibonacci 38.2% 163.66
Daily Fibonacci 61.8% 163.91
Daily Pivot Point S1 163.06
Daily Pivot Point S2 162.63
Daily Pivot Point S3 162.01
Daily Pivot Point R1 164.11
Daily Pivot Point R2 164.74
Daily Pivot Point R3 165.17

 

 

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