{"id":142917,"date":"2023-09-01T18:46:01","date_gmt":"2023-09-01T13:16:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=142917"},"modified":"2023-09-01T18:46:01","modified_gmt":"2023-09-01T13:16:01","slug":"advances-and-faces-strong-resistance-at-tenkan-sen-clings-to-158-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/advances-and-faces-strong-resistance-at-tenkan-sen-clings-to-158-00-crypto-news\/","title":{"rendered":"Advances and faces strong resistance at Tenkan-Sen, clings to 158.00 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>EUR\/JPY consolidates within the 157.00\/158.50 range, with an upward bias influenced by ECB President Christine Lagarde\u2019s hawkish tone on inflation.<\/strong><\/li>\n<li><strong>Technical indicators suggest a new trading range could form if the pair falls below 157.00, with key levels at August 3 low of 155.53 and August 23 low of 156.87.<\/strong><\/li>\n<li><strong>A breach above the Tenkan-Sen line at 158.18 could open the door for bulls, targeting the year-to-date high of 159.49, while a break below 158.00 may trigger a slide towards 157.00.<\/strong><\/li>\n<\/ul>\n<p>As the New York session closes, the Euro (EUR) recovers some ground against the Japanese Yen (JPY) after neutral to hawkish remarks by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/ecb\">the European Central Bank (ECB)<\/a> President Christine Lagarde emphasized the ECB\u2019s commitment to inflation. Hence, the EUR\/JPY pair resumes its uptrend, set to finish Friday\u2019s session with gains of 0.31%.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Price Analysis: Technical outlook<\/h2>\n<p>The EUR\/JPY daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a> remains upward biased but is set to finish the week almost flat as the pair consolidates within the 157.00\/158.50 area. Should be said that Friday\u2019s uptrend was capped by the Tenkan-Sen line at 158.18, opening the door for a new trading range if the cross tumbles below 157.00. In that event, the pair\u2019s new trading range would be the August 3 low at 155.53 and the August 23 low at 156.87.<\/p>\n<p>Upside risks would emerge if the cross breaches 158.18. Once cleared, bulls would regain control, setting their eyes in the next target, the year-to-date (YTD) high at 159.49. Conversely, if sellers stepped in, achieving a decisive break below 158.00 could exacerbate a drop toward the 157.00 mark, followed by the August 23 low of 156.86.<\/p>\n<h3 class=\"fxs_headline_medium\">EUR\/JPY Price Action \u2013 Daily chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638285932851767072.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/JPY consolidates within the 157.00\/158.50 range, with an upward bias influenced by ECB President Christine Lagarde\u2019s hawkish tone on inflation. Technical indicators suggest a new trading range could form if the pair falls below 157.00, with key levels at August 3 low of 155.53 and August 23 low of 156.87. A breach above the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,951,255,250,252,247,253,249,308,256,254],"class_list":["post-142917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-eurjpy","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=142917"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142917\/revisions"}],"predecessor-version":[{"id":142918,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142917\/revisions\/142918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9408"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=142917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=142917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=142917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}