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16 Apr 2025

EUR/JPY Price Analysis: Euro trades higher near 162 amid bullish moving averages

  • EUR/JPY trades near the 162 zone following a modest advance on Wednesday
  • MACD prints a sell signal, while moving averages reinforce bullish momentum
  • Support aligns at 161.87 and 161.89, with resistance emerging near 162.40

The EUR/JPY pair inched higher on Wednesday ahead of the Asian session, trading near the 162 area after a 0.29% daily gain. The session remained confined within a range of 161.351 to 162.279, with the pair supported by the broader bullish structure in trend indicators despite some mixed oscillator signals.

The Relative Strength Index (RSI) is holding at a neutral 53.29, suggesting stable momentum. However, the Moving Average Convergence Divergence (MACD) is currently flashing a sell signal, providing a counterpoint to the prevailing uptrend. Both the Williams Percent Range and the Awesome Oscillator are neutral, offering no strong directional bias in the short term.

From a trend perspective, the outlook remains constructive. The 20-day Simple Moving Average (SMA) at 161.871, the 100-day SMA at 160.718, and the 200-day SMA at 161.944 are all bullishly aligned. Additional support is echoed by the 10-day Exponential Moving Average (EMA) at 161.892 and the 10-day SMA at 161.677.


Daily chart


Apr 16, 2025

EUR/GBP Price Analysis: Cross gains traction near 0.8600 despite neutral oscillators

The EUR/GBP pair extended its upside momentum during Wednesday’s session, climbing toward the 0.8600 area after a 0.45% daily gain.
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Apr 16, 2025

Russia Producer Price Index (MoM) declined to -1.5% in March from previous 0.9%

Russia Producer Price Index (MoM) declined to -1.5% in March from previous 0.9%
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