empty
14.01.2025 02:02 PM
EUR/JPY. Analysis and Forecast

This image is no longer relevant

The EUR/JPY pair is showing signs of recovery following a night-time rebound from the psychological level of 160.00, marking the monthly low.

Uncertainty surrounding the timing of the Bank of Japan's next interest rate hike continues to weaken the yen, creating favorable conditions for EUR/JPY's upward movement. Additionally, a modest decline in the US dollar is supporting the euro, contributing to the pair's intraday recovery. However, the dovish stance of the European Central Bank may limit the euro's upward potential, which could also cap gains in the EUR/JPY pair.

This image is no longer relevant

From a technical perspective, strength beyond the 50-hour Simple Moving Average (SMA) supports a bullish outlook. Furthermore, positive oscillators on the 1-hour chart align with the prospects for additional intraday gains. Therefore, a move beyond the psychological level of 162.00 toward testing the 100-hour SMA appears to be a plausible scenario.

On the other hand, weakness below the 50-hour SMA could present a buying opportunity, likely limited to the psychological level of 161.00. A decisive break below this level would make the EUR/JPY pair vulnerable to an accelerated decline toward the psychological level of 160.00, with some intermediate support near the 160.60–160.55 zone.

Outlook

  • Upside Targets: Sustained movement beyond 162.00 could lead to a test of the 100-hour SMA and potentially higher levels.
  • Downside Risks: A break below 161.00 increases the likelihood of a retest of the 160.00 level
Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD. Analysis and Forecast

Today, the GBP/USD pair is showing strong growth, reaching levels last seen in October 2024. This is driven by bearish momentum in the U.S. dollar, which has created favorable conditions

Irina Yanina 11:00 2025-04-03 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 3. Review of Yesterday's Forex Trades

The price test at 149.49 occurred when the MACD indicator had just started moving up from the zero line, confirming the validity of the entry point for buying the dollar

Jakub Novak 09:02 2025-04-03 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 3. Review of Yesterday's Forex Trades

The price test at 1.2952 occurred when the MACD indicator was just beginning to rise from the zero line. This confirmed the validity of the entry point for buying

Jakub Novak 09:02 2025-04-03 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 3. Review of Yesterday's Forex Trades

The price test at 1.0815 occurred when the MACD indicator had moved significantly above the zero mark, which limited the pair's upside potential. For this reason

Jakub Novak 09:02 2025-04-03 UTC+2

Intraday Strategies for Beginner Traders on April 3

The euro and the pound resumed growth after news that the reciprocal trade tariffs imposed by the U.S. were roughly in line with market expectations. Although the U.S. stock market

Miroslaw Bawulski 08:01 2025-04-03 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 2nd (U.S. Session)

Trade Breakdown and Tips for Trading the Japanese Yen The price test at 149.69 occurred when the MACD indicator had already moved significantly below the zero line, which limited

Jakub Novak 20:14 2025-04-02 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 2nd (U.S. Session)

Trade Breakdown and Tips for Trading the British Pound The price test at 1.2905 occurred when the MACD indicator had already moved significantly below the zero line, which limited

Jakub Novak 20:12 2025-04-02 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 2nd (U.S. Session)

Trade Breakdown and Tips for Trading the Euro The price test at 1.0803 occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's

Jakub Novak 20:09 2025-04-02 UTC+2

USD/CAD. Analysis and Forecast

Today, the USD/CAD pair is trying to stop its previous fall, attempting to anchor above the 1.4300 level. The anticipated announcement on tariffs from U.S. President Donald Trump, expected during

Irina Yanina 12:22 2025-04-02 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 2. Review of Yesterday's Forex Trades

The price test at 149.27 occurred when the MACD indicator had already moved significantly below the zero line, which limited the pair's downside potential. For this reason

Jakub Novak 08:50 2025-04-02 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.