Next on the upside comes 164.30

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<li><strong>EUR/JPY gives away part of the recent three-day advance.</strong></li>
<li><strong>Further up comes the 2023 peaks around 164.30.</strong></li>
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<p><a href="https://www.fxstreet.com/rates-charts/eurjpy" target="_blank" rel="noopener"><strong>EUR/JPY</strong></a> surrenders part of the recent bullish move and retests the key support around 163.00.</p>
<p>In case bulls regain the upper hand, the cross could attempt another visit to the YTD tops around 164.30 (November 16) in the short-term horizon.</p>
<p>Against that, the surpass of the yearly high is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23).</p>
<p>So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 153.28.</p>
<h2>EUR/JPY daily chart</h2>
<p><a href="https://editorial.fxstreet.com/miscelaneous/Screenshot%202023-11-27%20at%2012.48.24-638366825087399956.png" target="_blank" rel="noopener"><img decoding="async" src="https://editorial.fxstreet.com/miscelaneous/Screenshot%202023-11-27%20at%2012.48.24-638366825087399956.png" style="width: 1059;height: 739;" /></a></p>
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<br /><a href="https://www.fxstreet.com/news/eur-jpy-price-analysis-next-on-the-upside-comes-16430-202311271149">Source link </a></p><p>The post <a href="https://forextraderhub.com/next-on-the-upside-comes-164-30.html">Next on the upside comes 164.30</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>