PRICE OF THE PRICE OF THE EUR/JPY: MAINTAINS ALCISTA BIE ABOVE 171.50, RSI OVERCOMPRADO JUSTIFY CAUTION FOR THE ALCISTAS - World Stock Market

EUR/JPY Forecast: Bullish Momentum Intact Above 171.50, But Overbought RSI Flags Caution - XtremeMarkets

EUR/JPY continues its upward trajectory, trading near 171.65 during early European hours on Friday. The Japanese Yen (JPY) shows relative weakness against the Euro (EUR) as expectations diminish for a Bank of Japan (BoJ) rate hike this year, largely due to concerns over the economic impact of heightened U.S. tariffs.  From a technical standpoint, the […] The post EUR/JPY Forecast: Bullish Momentum Intact Above 171.50, But Overbought RSI Flags Ca…

PRICE OF THE PRICE OF THE EUR/JPY: MAINTAINS ALCISTA BIE ABOVE 171.50, RSI OVERCOMPRADO JUSTIFY CAUTION FOR THE ALCISTAS - World Stock Market

The EUR/JPY gains strength around 171.65 in the first bars of the European session on Friday. The crossing maintains a constructive perspective above 100 days, but the RSI overcompra condition could limit its rise. The immediate resistance level is observed in 172.00; The initial support level is located in 170.00. The EUR/JPY crossroads gains land about 171.65 during the European session on Friday. The Japanese Yen (JPY) is strengthened in fron…