{"id":205236,"date":"2023-12-03T03:56:44","date_gmt":"2023-12-02T22:26:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=205236"},"modified":"2023-12-03T03:56:44","modified_gmt":"2023-12-02T22:26:44","slug":"ends-the-week-bearishly-tumbles-below-160-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ends-the-week-bearishly-tumbles-below-160-00-crypto-news\/","title":{"rendered":"Ends the week bearishly, tumbles below 160.00 &#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 records significant weekly losses, closing down by more than 2.20%.<\/strong><\/li>\n<li><strong>A key focus for traders is the Ichimoku Cloud support around the 158.00 level, which could accelerate the downtrend toward 154.00.<\/strong><\/li>\n<li><strong>For a shift back to bullish resumption, EUR\/JPY must reclaim the Kijun-Sen at 161.00 and surpass the recent cycle low at 161.24, with the Tenkan-Sen at 161.68 up next.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/JPY closed the week with a negative tone, down by 1% on Friday, for a total of more than 2.20% weekly losses, and shifts bearish after breaking key support levels on Friday. At the time of writing, the EUR\/JPY exchanges hands at 159.73, following a fall of more than 160 pips from a daily high of 161.77.<\/p>\n<p>The pair shifted bearish, though it\u2019s pending breaching support at the Ichimoku Cloud (Kumo), at around the 158.00 area. Once the EUR\/JPY extends its losses below that price level, sellers will target the October 3 swing low of 154.34, ahead of the July 28 low of 151.40<\/p>\n<p>On the other hand, EUR\/JPY needs to reclaim the Kijun-Sen at 161.00 before challenging the most recent cycle low at 161.24, the November 21 low. If those levels are surrendered, the next stop would e the Tenkan-sen at 161.68.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Price Analysis \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638370603267777102.png\"><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/JPY records significant weekly losses, closing down by more than 2.20%. A key focus for traders is the Ichimoku Cloud support around the 158.00 level, which could accelerate the downtrend toward 154.00. For a shift back to bullish resumption, EUR\/JPY must reclaim the Kijun-Sen at 161.00 and surpass the recent cycle low at 161.24, [&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-205236","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\/205236","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=205236"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/205236\/revisions"}],"predecessor-version":[{"id":205237,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/205236\/revisions\/205237"}],"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=205236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=205236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=205236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}