- EUR/JPY trades around the zone 164.00 after a modest withdrawal in Friday’s session.
- The wider prejudice remains stubborn, with supporting trend indicators that compensate for mixed shoot signals.
- Key levels of support are just below, while the resistance equalizes to the latest ups.
The EUR/JPy pair softened slightly on Friday, trading near the zone 164.00 after the European session, reflecting the modest withdrawal from recent benefits. Despite a miniature decline, the wider perspectives remain positive, supported by a group of growing medium -sized, which still provide a powerful technical base. The miniature -term shoot is mixed, but the general structure remains clearly stubborn.
Technically, the pair flashes a stubborn general signal. The relative strength indicator is neutral about 56, which indicates a balanced rush without immediate excessive pressure. The average mobile convergence is confirmed by a wider purchase signal raise, strengthening the stubborn tone. Meanwhile, Williams’s percentage coverage and the power of the bear remain neutral, which suggests that although the shoot has slowed down, it has not yet reversed.
The stubborn structure is clearly defined by positioning the key medium moving. 20-day, 100-day and 200-day straight movable average are below current levels and keep the slope up, offering powerful basic support. 10-day interpretation and elementary movable average are also just below the market, strengthening positive perspectives when the pair is approaching the Asian session.
Support levels are identified at 163.07, 162.94 and 162.87. The resistance is evident at 163.94, 164.00 and 164.10. Keeping a push over the zone of immediate resistance can confirm a wider breakthrough, while the break below support would probably cause a miniature -term correction without a significant change in the overall trend.
