On Monday, the EUR/JPY pair experienced an initial fall to 168.15 before stabilizing at 168.80, which seems to affirm the fortification of the support level around 168.00.
The daily RSI remains settled in the negative territory, with the daily MACD displaying flat red bars reflecting stable bearish momentum. The pair finds steady support near 168.00, stabilizing at 168.80 beyond the session's low at 168.15. The prevalent bullish trend is sustained by the fortitude of the 100- and 200-day SMAs. Although an effort to recover the short-term 20-day SMA is needed to avert further descent, the 168.
The robust support rendered by the 100- and 200-day Simple Moving Averages , located around 164.00 and 161.00 correspondingly, remains a strong fortificationagainst extensive bearish movements. Hence, despite the mild bearish undertones of recent sessions, these fluctuations are possibly corrective rather than indicative of any sweeping alterations in the prevailing trend. EUR/JPY Overview Today last price 169.02 Today Daily Change -0.31 Today Daily Change % -0.18 Today daily open 169.
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