- EUR / JPY increased towards zone 164.00, approaching daily summits before the Asian session.
- Haussier bias is confirmed by trendy indicators despite neutral short -term momentum.
- The medium of key moving and MacD support more upwards, with nearby support.
The EUR / JPY pair extended its rally on Thursday, pushing towards zone 164.00 after a strong advance during the European session. The pair is near the range of the day while it enters the Asian session, reflecting a sustained demand despite a flattening of Momentum indicators. While some short -term tools remain neutral, the overall technical structure is decisively optimistic, supported by a solid base of ascending trend means.
From a technical point of view, EUR / JPY flashes a clear bullish signal. The divergence of mobile average convergence shows an indication of purchase, supporting the recent rally. The relative force index oscillates nearly 63, a neutral to positive level which suggests that the momentum still has room to develop. Other tools such as rapid RSI stochastic and the average directional index remain neutral, stressing that prices, although strong, is not yet too wide.
The trend tracking indicators provide the basis of the bullish position. The 10 -day exponential and mobile mediums continue to climb and are positioned below the current price. The single, 100 days and 200 days that are also aligned in favor of new gains, the three pointing upwards and strengthening buyers control over the wider trend.
The support is now observed at 162.70, 162.55 and 162.44. A rupture confirmed above the 164.00 zone could expose other levels of resistance in the coming sessions.
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