{"id":187566,"date":"2023-11-05T02:47:41","date_gmt":"2023-11-04T21:17:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=187566"},"modified":"2023-11-05T02:47:41","modified_gmt":"2023-11-04T21:17:41","slug":"holds-steady-above-160-00-as-bull-target-161-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/holds-steady-above-160-00-as-bull-target-161-00-crypto-news\/","title":{"rendered":"Holds steady above 160.00, as bull target 161.00 &#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 advance is tempered by proximity to the year-to-date high of 160.84, with a break above potentially signaling further gains.<\/strong><\/li>\n<li><strong>The threat of Japanese intervention has receded, providing room for the pair&#8217;s upward trajectory.<\/strong><\/li>\n<li><strong>Key support levels to watch include the Tenkan-Sen at 159.26 and a stronger confluence of support around 157.59\/69.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/JPY extends its gains to two straight days, remaining above the 160.00 figure ahead of the weekend, amid an upbeat <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\">market sentiment<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Economic data<\/a> shows hiring is slowing down, as the US Nonfarm Payrolls for October missed forecasts, spurring a risk-on mood in the financial markets. At the time of writing, the cross-pair exchanges hands at 160.25, gains 0.29%.<\/p>\n<p>Even though the pair is trading near cycle highs, it remains shy of climbing past the year-to-date (YTD) high at 160.84, which, once cleared, could open the door for further upside. In that case, a pullback could justify long traders, as Japanese intervention threats, calmed. A breach of the latter would expose the 161.00 handle.<\/p>\n<p>Contrarily, if EUR\/JPY drops below the Tenkan-Sen at 159.26, the trend would be skewed to the downside. Next support would emerge at the confluence of the October 30 low and the Tenkan-Sen at around 157.59\/69, followed by the bottom of the Ichimoku Cloud at 155.55.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Price Chart \u2013 Daily<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638346378420530015.png\"><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Key Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/JPY advance is tempered by proximity to the year-to-date high of 160.84, with a break above potentially signaling further gains. The threat of Japanese intervention has receded, providing room for the pair&#8217;s upward trajectory. Key support levels to watch include the Tenkan-Sen at 159.26 and a stronger confluence of support around 157.59\/69. The EUR\/JPY [&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-187566","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\/187566","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=187566"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/187566\/revisions"}],"predecessor-version":[{"id":187567,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/187566\/revisions\/187567"}],"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=187566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=187566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=187566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}