EUR/JPY Price Forecast: Keeps bullish vibe, first upside target emerges above 163.00
Portfolio Pulse from
The EUR/JPY currency cross is showing positive momentum in early European trading, supported by a bullish RSI indicator and trading above the 100-day EMA. Market sentiment is influenced by equity market performance and speculation about potential Bank of Japan interest rate increases.
March 26, 2025 | 6:30 am
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POSITIVE IMPACT
Technical indicators suggest bullish momentum with resistance at 163.03 and potential extended gains to 164.20. Support levels are identified at 161.00-160.90.
Strong technical indicators (RSI above midline, trading above 100-day EMA) suggest potential upward movement in the near term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100