EUR/JPY Price Analysis: Retreats from 16-year highs below 164.00

EUR/JPY dips to 163.59, marking consecutive losses after reaching peak levels not seen in 16 years. Technical indicators suggest potential for further retreat, with immediate support eyed at the 163.00 mark. A rebound towards 164.00 could rekindle momentum towards the year's high, with traders monitoring critical technical thresholds. It dropped 0.64% in the mid-North American session and trades at 163.59.

82, followed by the Senkou Span A at 162.79 and the Kijun Sen at 162.78. On the other hand, if EUR/JPY buyers move in and push prices toward 164.00, that could sponsor a leg up to 165.00, ahead of re-testing the year-to-date high of 165.35. EUR/JPY Price Action – Daily Chart EUR/JPY Overview Today last price 163.62 Today Daily Change -1.04 Today Daily Change % -0.63 Today daily open 164.66 Trends Daily SMA20 162.64 Daily SMA50 161.47 Daily SMA100 160.36 Daily SMA200 158.

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