- EUR / JPY is negotiated near the 164.00 zone after strong gains during the session on Thursday.
- The global bias remains optimistic, supported by averages of moving to the upward trend.
- The immediate support holds below, while the resistance aligns near the recent peaks.
The EUR / JPY pair pushed higher Thursday, trading near the 164.00 zone after the European session, reflecting a strong bullish tone while the pair is approaching the Asian session. The price action remained near the day range, suggesting that buyers maintain control despite certain short -term mixed signals. The wider technical structure remains favorable, supported by a group of increasing mobile averages.
From a technical point of view, the bias bias is clear. The relative resistance index contains neutral reading nearly 58, reflecting stable impulse without surachat conditions immediately. The difference in mobile average convergence prints a purchase signal, confirming the positive tone, while the average directional index remains neutral, indicating that the trend force is present but not extreme. The goods channel index also remains neutral, adding to the sight that the increased trend is gaining ground without being overexploited.
The backbone of the bullish affair comes from mobile averages. The medium of moving 20 days, 100 days and 200 days are all positioned well below current price levels and continue to rise up, providing strong underlying support. The simple 10 -day exponential and mobile averages still reinforce this structure, indicating that the wider trend remains intact and that buyers keep the upper hand.
Support levels are identified at 162.84, 162.80 and 162.66. The resistance is likely to emerge near recent peaks, with a rupture above this area potentially confirming the next leg. A sustained movement above these levels could open the door to other gains in future sessions.
Daily graphic
