EUR/JPY Holds Breath as US Trade Talks Heat Up and ECB’s Game-Changing Move Looms—What Investors Must Know Now!
A confirmed break above this level would open the way for a potential move toward 173.50, with further resistance near the July 2024 high at 175.43.
EUR/JPY daily chart
On the downside, initial support is seen at 170.50. A deeper pullback could find buyers in the 169.70–170.00 zone, where the 20-day SMA and previous consolidation lows converge.
The Relative Strength Index (RSI) remains near 64 and is pointing lower after exiting overbought territory. This may be a sign that bullish momentum will continue to fade.
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