- EUR/JPY will slightly slip, but remains above 170.00, close to its highest level from July 2024.
- Party trend intact above Ichimoku Cloud, RSI is approaching the purchase of the zone.
- The break above 171.09 would open the path to mental resistance in 172.00.
- A drop below 170.00 can be withdrawn in the direction of 169.25 or July swing at 168.45.
EUR/JPY slightly sneaks on Friday, but remains nearly a year, which reached the highest level of 170.61 on Thursday. At the time of writing the cross, he trades at 170.19, a decrease of 0.11% during the day, among the risk environment, like American capital Futures fell among lean turnover, and American markets closed on Independence Day.
EUR/JPY price forecast: Technical perspectives
The advantage of the advantage is intact, after the Japanese Jen gathered during the first two months of the second half of 2024, sending EUR/JPY from around 175.42 to 154.39. Since then, the couple enjoyed recovery, paving the way to testing higher prices.
The momentum, although somewhat bought, as the relative strength indicator (RSI) has shown, is stubborn. It is worth noting that the EUR/JPY pair was constantly climbing, after crossing the cloud of Ichimoku (Kumo) on March 12.
The first key resistance would be July 23, 2024, every day at 171.09. The violation of the latter will reveal on July 19, 2024, the highest in 171.87, before testing the sign 172.00. And vice versa, if EUR/JPY drops below 170.00, it is likely to move to Tenkan-Sen to 169.25. The next minus is noticeable at 168.45, the swing on July 1.
EUR/JPY price chart – every day
(This story was corrected on July 4 at 16:29 GMT to explain the header, the first point of the missile and the first paragraph that the couple reached year -on -year on Friday)
Euro price this week
The table below shows the percentage change in the euro (EUR) compared to the main currencies this week. The euro was the strongest against the British pound.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.40% | 0.49% | 0.13% | -0.60% | -0.17% | 0.02% | -0.64% | |
| EUR | 0.40% | 0.86% | 0.53% | -0.21% | 0.20% | 0.43% | -0.25% | |
| GBP | -0.49% | -0.86% | -0.49% | -1.05% | -0.66% | -0.43% | -1.10% | |
| JPy | -0.13% | -0.53% | 0.49% | -0.74% | -0.25% | -0.07% | -0.72% | |
| BOOR | 0.60% | 0.21% | 1.05% | 0.74% | 0.38% | 0.63% | -0.04% | |
| Aud | 0.17% | -0.20% | 0.66% | 0.25% | -0.38% | 0.21% | -0.44% | |
| NZD | -0.02% | -0.43% | 0.43% | 0.07% | -0.63% | -0.21% | -0.66% | |
| CHF | 0.64% | 0.25% | 1.10% | 0.72% | 0.04% | 0.44% | 0.66% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose the euro on the left column and go along the horizontal line to the American dollar, the percentage shift displayed in the field will represent the EUR (base)/USD (quote).
