EURJPY tests major ceiling at 164.07–164.17 as momentum builds ...Middle East

The move has the USDJPY sharply higher, but also the EURJPY which is stretching higher to a key 2025 ceiling defined by resistance highs between 164.07 and 164.17> There are 3 prior highs (see red numbered circles) that topped out in that narrow area since early 2025. As a result, this area represents a major decision point for buyers and sellers alike.

The 100-day MA at 161.056 (the price has been above that MA since April 10)

The 100 and 200 bar MAs on the 4-hour chart around 162.05

Key levels to watch:

Support: 163.35, 163.20 (swing area), then 162.05 area (start of MA cluster).

This article was written by Greg Michalowski at www.forexlive.com.

Hence then, the article about eurjpy tests major ceiling at 164 07 164 17 as momentum builds was published today ( Thursday 01/05/2025 - 06:43 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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