- The EUR/JPY rose to the 164.00 zone, approaching the maximum daily before the Asian session.
- The bullish bias is confirmed by the trend indicators despite the short -term neutral impulse.
- The key mobile socks and the MACD support greater rise, with a close support remaining firm.
The EUR/JPY pair extended its recovery on Thursday, pushing towards the 164.00 area after a strong advance during the European session. The torque is located near the top of the range of the day when entering the Asian session, reflecting a sustained demand despite flattening in impulse indicators. While some short -term tools remain neutral, the general technical structure is decisive decisive, backed by a solid base of averages in ascending tendency.
From a technical perspective, the EUR/JPY is showing a clear bullish signal. The convergence/divergence indicator of mobile socks (MACD) shows a purchase indication, supporting the recent recovery. The relative force index (RSI) is about 63, a neutral to positive level that suggests that the impulse still has space to grow. Other tools such as the rapid stochastic RSI and the average directional index remain neutral, highlighting that the price action, although strong, is not yet overextended.
Trends monitoring indicators provide the basis for bullish position. The exponential and simple mobile socks of 10 days continue to rise and are positioned below the current price. Simple mobile stockings of 20 days, 100 days and 200 days are aligned in a similar way in favor of greater profits, with the three pointing up and reinforcing the control of buyers about the broader trend.
The support is now seen in 162.70, 162.55 and 162.44. A confirmed break above the 164.00 zone could expose additional resistance levels in the next sessions.
