EUR/JPY retreats from the weekly high hit on Tuesday at around 159.91 after economic data from the Eurozone (EU) painted a gloomy outlook for the whol
EUR/JPY retreats from weekly high on gloomy Eurozone economic data. Despite losses, EUR/JPY remains upward biased, but intervention risks may cap gains at around 160.00. If EUR/JPY drops below Tenkan-Sen at 158.45, it could aim for the top of the Ichimoku cloud at 157.90/158.00. e economy in the bloc. Hence, as a bearish-engulfing candle pattern emerges, the cross-pair drops 0.64% and trades at 158.81, below the 159.00 figure.
45, the pair could aim toward the top of the Ichimoku cloud at 157.90/158.00. Up next, a drop inside the Kumo, and sellers can drag the spot prices towards the Kijun-Sen at 157.13. EUR/JPY Price Action – Daily chart EUR/JPY Technical Levels EUR/JPY Overview Today last price 158.75 Today Daily Change -1.02 Today Daily Change % -0.64 Today daily open 159.77 Trends Daily SMA20 157.7 Daily SMA50 157.96 Daily SMA100 156.73 Daily SMA200 150.84 Levels Previous Daily High 159.81 Previous Daily Low 158.
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