EUR/JPY traded sideways for the second straight day, though it printed gains of 0.52% on Tuesday and closed at 157.70. As Wednesday’s Asian Pacific se
EUR/JPY hovers at 157.66, seeking direction amidst a prevailing consolidation phase. Upside capped by Ichimoku Cloud; a breach of 158.26 needed to target September highs. Bearish signals from Chikou Span and Tenkan-Kijun cross may direct focus towards 156.40/49. ssion begins, the cross-currency pair is trading at 157.66, registering minuscule losses of 0.02%, at the time of writing.
Nevertheless, price action is tracking the top of the Kumo, and with market sentiment being fragile and the Chikou Span crossing below price action, a bearish signal, the pair could test the bottom of the Kumo at 155.50/60. Additionally, the Tenkan-Sen crossing below the Kijun-Sen could act as a magnet, and price action aims towards the 156.40/49 area. EUR/JPY Price Action – Daily chart EUR/JPY Technical Levels EUR/JPY Overview Today last price 157.64 Today Daily Change 0.
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