EUR/JPY Price Analysis: Bullish-harami at daily to pave the way to 162.00
Source Fxstreet
- EUR/JPY up 0.39%, rebounding from daily low as Yen weakens in FX market.
- Bullish harami pattern suggests upside potential; resistance at 161.00, then January 19 high.
- Downside risks if below Tenkan/Sen (160.55); next supports at 160.00, 159.69, 159.51.
The EUR/JPY bounces off weekly lows late on Friday’s North American session and is up 0.39% as the Japanese Yen (JPY) remains the laggard across the FX space. At the time of writing, the cross-pair exchanges hands at 160.77 after reaching a daily low of 159.83.
From a technical standpoint, price action in the last couple of days is forming a ‘bullish harami’ two-candle pattern that reassembles an inside day, which leads to price action to the upside. If buyers lift the 161.00, the next resistance would be the January 19 high at 161.87, with the psychological 162.00 up next.
On the flip side, if sellers drop below the Tenkan/Sen at 160.55, the next support would be 160.00, followed by the January 25 daily low of 159.69 and the Senkou Span A at 159.51.
EUR/JPY Price Action – Daily Chart
EUR/JPY Technical Levels
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
September Fed Rate Decision Preview: Is a Rate Hike a Foregone Conclusion? US Stocks, Dollar, and Gold Face a Critical TestThe Federal Reserve will announce its September interest rate decision at 2:00 p.m. ET on Wednesday (September 16), followed by a press conference held by Fed Chair Kevin Warsh at 2:30 p.
The Federal Reserve will announce its September interest rate decision at 2:00 p.m. ET on Wednesday (September 16), followed by a press conference held by Fed Chair Kevin Warsh at 2:30 p.
Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for cryptoThe US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.
The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.
Silver breaks $64 as precious metals rebound — can gold hold the $4,280 line into the Fed decision?Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.
Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.
Procedural vote on the Clarity Act falters, Bitcoin loses $75,000, and crypto stocks plunge across the board.On September 15, Eastern Time, the U.S. Senate procedural vote ended with 49 v
Supply risks in the Middle East continue to heat up, with international oil prices fluctuating at high levels.During Tuesday's Asian trading session, Brent crude futures (UKOIL-F) rose to
Related Instrument
