EUR/JPY Price Analysis: Retreats from 16-year highs below 164.00
22.03.2024, 17:33

EUR/JPY Price Analysis: Retreats from 16-year highs below 164.00

  • EUR/JPY dips to 163.59, marking consecutive losses after reaching peak levels not seen in 16 years.
  • Technical indicators suggest potential for further retreat, with immediate support eyed at the 163.00 mark.
  • A rebound towards 164.00 could rekindle momentum towards the year's high, with traders monitoring critical technical thresholds.

The EUR/JPY registered back-to-back losing sessions after hitting 16-year highs of 165.35. It dropped 0.64% in the mid-North American session and trades at 163.59. The market mood remains upbeat as Wall Street posts solid gains, but in the FX space, the Japanese Yen and the US Dollar remained bid.

EUR/JPY Price Analysis: Technical outlook

From a technical standpoint, the cross-pair is subdued after trading volatile during the last four days. However, a daily close below the March 20 low of 163.78 can sponsor a test of the 163.00 mark. The further weakness lies below the latter, as the Tenkan-Sen emerges at 162.82, followed by the Senkou Span A at 162.79 and the Kijun Sen at 162.78.

On the other hand, if EUR/JPY buyers move in and push prices toward 164.00, that could sponsor a leg up to 165.00, ahead of re-testing the year-to-date (YTD) high of 165.35.

EUR/JPY Price Action – Daily Chart

EUR/JPY

Overview
Today last price 163.62
Today Daily Change -1.04
Today Daily Change % -0.63
Today daily open 164.66
 
Trends
Daily SMA20 162.64
Daily SMA50 161.47
Daily SMA100 160.36
Daily SMA200 158.88
 
Levels
Previous Daily High 165.34
Previous Daily Low 164.35
Previous Weekly High 162.41
Previous Weekly Low 160.22
Previous Monthly High 163.72
Previous Monthly Low 158.08
Daily Fibonacci 38.2% 164.73
Daily Fibonacci 61.8% 164.96
Daily Pivot Point S1 164.22
Daily Pivot Point S2 163.79
Daily Pivot Point S3 163.23
Daily Pivot Point R1 165.22
Daily Pivot Point R2 165.78
Daily Pivot Point R3 166.21

 

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik