EUR/JPY drops to the lowest level in three weeks, down for the sixth consecutive day.
Bearish MACD signals, RSI’s retreat from overbought territory joins 21-DMA break to favor sellers.
Convergence of previous resistance line, short-term support line challenges the bears.
Multiple hurdles near 158.00 stand tall to prod pair buyers.
EUR/JPY remains on the back foot for the sixth consecutive day as it flashes the 154.93 figure heading into Tuesday’s European session. In doing so, the cross-currency pair declines to the lowest levels in three weeks.
That said, a clear downside break of the 21-DMA, near 155.85 by the press time, joins the bearish MACD signals and the RSI (14) line’s U-turn from the overbought territory to suggest the quote’s further downside.
However, a convergence of the previous resistance line from late October 2022 and ascending trend line from March 24, close to the 152.00 round figure, appears a tough nut to crack for the EUR/JPY bears.
If at all the quote remains bearish past 152.00, Mays high near 151.60 and the 150.00 psychological magnet will entertain the EUR/JPY bears before directing them to the 100-DMA support of around 148.40.
Meanwhile, a daily closing beyond the 21-DMA, around 155.85 at the latest, could recall the short-term buyers of the EUR/JPY pair.
Though, a slew of resistances around the 158.00 and the 160.00 round figure will challenge the bulls afterward.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。