EUR/JPY Price Analysis: Buyers accelerate the pace eye cycle highs

The daily chart reveals the RSI steady in positive zone, showing consistent bullish momentum. On the hourly chart, RSI and MACD persist in positive territory, indicating robust buying traction. If the bears don’t show up, the pair may be poised for a retest of the cycle highs above 170.00. The EUR/JPY pair is steadily maintaining its upward trajectory, with a decisive rise to 167.64 in Thursday's session. Buyers consolidate near cycle highs while bears are nowhere to be seen.

The hourly RSI values persistently float around the positive territory, with the recent reading at 64 seeming to consolidating after hitting overbought conditions. Additionally, the hourly MACD represents flat green bars, indicating steady positive momentum. EUR/JPY Hourly Chart Upon observing the Simple Moving Average , the EUR/JPY pair remains in a visibly secure territory. Both short- and long-term SMAs convey a sustained upward trajectory, indicating pronounced bullish momentum.

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