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23 Apr 2025

EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive

  • EUR/JPY trades near the 162.00 zone, slightly lower ahead of the Asian session.
  • Mixed signals from indicators, with MACD flashing a sell and most others remaining neutral.
  • Support seen at 161.72, 161.71, and 161.66, while resistance stands at 161.79, 161.86, and 161.87.

The EURJPY pair is currently neutral, trading near the 162.00 zone after easing slightly on Tuesday. The pair remains confined within a narrow range between 160.98 and 162.32, showing no clear directional bias as Asian markets approach.

Momentum indicators reflect the indecision in price action. The Relative Strength Index holds steady in neutral territory near 51, while the MACD suggests a slight bearish tilt. Other short-term signals, such as the Stochastic RSI Fast and the Average Directional Index, are also neutral, further reinforcing the lack of strong trend conviction.

On the moving averages front, the 20-day SMA points to a short-term bearish trend, while the 100-day and 200-day SMAs suggest a longer-term bullish outlook. The Ichimoku Base Line remains neutral, in line with the broader sideways structure seen in recent sessions.

Key support levels are located at 161.72, 161.71, and 161.66, while resistance lies overhead at 161.79, 161.86, and 161.87. The pair will likely require a decisive break beyond this range to establish clearer momentum in either direction.

Daily chart


Apr 23, 2025

USD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger

The USD/CHF makes a U-turn and trade with gains of over 1% on Tuesday as market mood improved on trade headlines and a possible de-escalation of US-Sino conflict tensions. At the time of writing, the pair trades at 0.8181 after hitting a daily low of 0.8065.
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US President Trump eases market jitters, says no plans to fire Powell, China tariffs to be lower

Recently, US President Donald Trump said at a press conference that his discussions with China are going well, adding that he thinks they will reach a deal. He said that tariffs on China would not be as high as 145%, but they wouldn’t be zero.
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