- EUR / JPY is negotiated near zone 162.20 with light gains Monday before the Asian session.
- The global bias remains optimistic despite signals from mixed indicators.
- Key supports and resistances emerge as the pair consolidates short -term mobile averages.
The EUR / JPY is negotiated with slight gains near the 162.20 zone during the Monday session before the Asian Open, reflecting a prudent but positive mood. After modest fluctuations during European hours, the pair stabilizes the mid -range, referring to a market pending new catalysts in Asia. Overall, today's movement shows resilience, the pair hanging on its recent gains and technical indicators offering a mixed but slightly optimistic tone.
Looking at the technical configuration, the relative resistance index (RSI) is around 53, offering a neutral view and indicating no condition of over -racket or immediate occurrence. Meanwhile, the divergence of mobile average convergence (MacD) shows a gentle sales signal, suggesting a certain potential for short -term consolidation. However, other indicators such as the power of the bull (approximately 0.09) and the stochastic% K (almost 67) maintain a neutral position, adding to the prudent feeling.
Despite some neutral and lower signals, the wider structure is leaning optimistic. The simple averages of 10 days, 20 days, 100 days and 200 days (SMA) are all higher, strengthening the underlying force of the euro against the yen. The 30 -day exponential mobile average (EMA) around 161.78 still supports this positive perspective.
On the support side, immediate cushions are near areas 162.19, 162.02 and 161.98 which can attract buyers if prices fall. The surveillance resistance levels were placed around 162.25 and 162.73, marking potential obstacles for bulls aimed at other gains.
Overall, while short -term momentum is somewhat mixed, the bullish alignment of major mobile averages suggests that the decreases can be superficial and temporary, keeping the ascending bias of EUR / JPY intact before the Asian session.
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