- EUR/JPY finds support at the bottom of the Ichimoku Cloud, and trades at the upper limit at 161.45.
- Downward momentum observed; It faces resistance at 161.00 and the 50-day simple moving average at 161.75.
- A decline below the Ichimoku Cloud could test deeper supports at 156.16 and 154.39.
The EUR/JPY pair bottomed near 159.69 and rose past 160.50 on Friday after recording two consecutive days of losses as risk appetite deteriorated. At the time of writing, the pair is trading at 160.82, up 0.69%.
EUR/JPY Price Forecast: Technical Outlook
The EUR/JPY pair is trading sideways, capped on the downside by the Ichimoku Cloud (Kumo) near the daily low and peaking at the Kumo high at 161.45.
Although momentum is slightly bearish, with the Relative Strength Index (RSI) below its neutral level, sellers should push EUR/JPG below the Kumo low towards 159.00.
A breakout of the latter would exacerbate a test of the December 3 swing low at 156.16. With further weakness, the 156.00 level rises next, followed by the August 5 swing low at 154.39.
On the upside, first resistance is at 161.00, the top of the range is at 161.45, and the 50-day simple moving average is at 161.75. Once the next level is crossed, it will be the 162.00 level.
EUR/JPY Rate Chart – Daily
Euro price today
The table below shows the percentage change of the Euro (EUR) against the major currencies listed today. The euro was the strongest against the Japanese yen.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.02% | 0.31% | 0.51% | 0.05% | -0.12% | 0.01% | 0.24% | |
| euro | 0.02% | 0.33% | 0.61% | 0.06% | -0.09% | 0.04% | 0.26% | |
| GBP | -0.31% | -0.33% | 0.27% | -0.26% | -0.41% | -0.29% | -0.07% | |
| JPY | -0.51% | -0.61% | -0.27% | -0.52% | -0.70% | -0.56% | -0.34% | |
| Canadian | -0.05% | -0.06% | 0.26% | 0.52% | -0.18% | -0.03% | 0.19% | |
| Australian dollar | 0.12% | 0.09% | 0.41% | 0.70% | 0.18% | 0.14% | 0.35% | |
| New Zealand dollar | -0.01% | -0.04% | 0.29% | 0.56% | 0.03% | -0.14% | 0.22% | |
| Swiss franc | -0.24% | -0.26% | 0.07% | 0.34% | -0.19% | -0.35% | -0.22% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select EUR from the left column and move along the horizontal line to USD, the percentage change displayed in the box will represent EUR (base)/USD (quote).
