Technical analysis of EUR/JPY 06/19/2025
EUR/JPY on the daily chart remains in an upward move, but so far it’s still within a corrective structure.
The price has reached 167.60 — the 61.8% Fibonacci level from the previous decline. As long as the pair trades below this zone, the rally is considered corrective.
Support is at 165.20 (50% Fibo), a key level to hold. Below that are 163.50 (38.2%) and 161.30 (23.6%). Major support lies at 155.00 (0.0%).
The 100-day and 200-day moving averages are sloping upward, and the price is trading above both.
RSI is at 61.1 — the market is strong but not overheated.
Unless 167.60 is broken, the current move remains a correction. A confirmed breakout above would open the way toward 170.00 and eventually 175.40.
Created by Joshua Hayn
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