October 09, 2025 a 04:28 am
EURJPY: Trend and Support & Resistance Analysis
The EURJPY has shown a volatile pattern in recent months, with a general upward momentum observed in the short-term moving average. The current analysis indicates signs of a strong upward trend, supported by the recent cross of EMA20 over EMA50. However, potential resistance levels might pose challenges. Observing the currency's position relative to significant support and resistance zones will be key to understanding future directions.
Trend Analysis
The analysis of the EURJPY currency pair indicates a short-term bullish trend. The EMA20 has risen above the EMA50, confirming the upward trajectory. This reflects a change in market sentiment, with recent closing prices showing stronger demand.
| Date | Close Price | Trend |
|---|---|---|
| 2025-10-09 | 177.655 | ▲ Upward |
| 2025-10-08 | 177.496 | ▲ Upward |
| 2025-10-07 | 177.054 | ▲ Upward |
| 2025-10-06 | 176.003 | ▲ Upward |
| 2025-10-05 | 175.946 | ▲ Upward |
| 2025-10-04 | 173.132 | ▼ Downward |
| 2025-10-03 | 173.158 | ▼ Downward |
The EURJPY has consistently shown an upward trend over the last week, with a few days of slight pullbacks. This trend suggests a strong bullish sentiment, although vigilance over resistance levels is advised.
Support and Resistance
Current analysis identifies key support and resistance zones, which will likely play a crucial role in determining the currency's future movements. Calculating these zones helps investors anticipate potential points of price reversal or continuation.
| Type | From | To |
|---|---|---|
| Support 1 | 172.50 | 173.00 |
| Support 2 | 170.00 | 170.50 |
| Resistance 1 | 176.50 | 177.00 |
| Resistance 2 | 178.00 | 178.50 |
Currently, the price is approaching resistance zones, indicating a potential slowdown in upward momentum. However, a breakout might suggest further upward potential.
Conclusion
The EURJPY analysis illustrates a prevailing upward trend with measured resistance. Investors should watch the currency's behavior around identified resistance zones, as a breakout could affirm further gains. Conversely, the potential for resistance-led reversals could offer short-term risk. Navigating this landscape will require astute observation of market signals. With current trends and signals aligning, the opportunity for upward momentum remains dominant, yet caution is warranted.