EUR/JPY Price Analysis: Eyes top of Ichimoku cloud on risk-appetite, buyers target 158.00

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EUR/JPY Price Analysis: Eyes top of Ichimoku cloud on risk-appetite, buyers target 158.00
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The EUR/JPY pair tests the top of the Ichimoku Cloud (Kumo), at around 157.80, amid risk sentiment improvement, as a bullish-engulfing chart pattern l

EUR/JPY trades with a 0.47% gain, bouncing from daily lows of 156.98. Technical indicators suggest potential upward movement, targeting the October 12 high. A successful breach of the Kumo top could pave the way to the YTD high of 159.76. ooms. At the time of writing, the cross-pair prints gains of 0.47%, after bouncing off daily lows of 156.98.

If the cross-pair drops below those levels, the bottom of the Kumo would be up for grabs at 155.60/65, ahead of the October 3 swing low of 154.34. EUR/JPY Price Action – Daily chart EUR/JPY Technical Levels EUR/JPY Overview Today last price 157.8 Today Daily Change 0.61 Today Daily Change % 0.39 Today daily open 157.19 Trends Daily SMA20 157.48 Daily SMA50 157.89 Daily SMA100 156.2 Daily SMA200 150.3 Levels Previous Daily High 158.05 Previous Daily Low 157.05 Previous Weekly High 158.

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