{"id":229616,"date":"2024-01-15T12:25:16","date_gmt":"2024-01-15T06:55:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=229616"},"modified":"2024-01-15T12:25:16","modified_gmt":"2024-01-15T06:55:16","slug":"snaps-the-two-day-losing-streak-above-the-159-00-mark-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/snaps-the-two-day-losing-streak-above-the-159-00-mark-crypto-news\/","title":{"rendered":"Snaps the two-day losing streak above the 159.00 mark &#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 rebounds to 159.25 ahead of the Eurozone Industrial Production data.<\/strong><\/li>\n<li><strong>The cross keeps the bullish vibe unchanged above the key EMA; RSI indicator stands above the 50 midline.<\/strong><\/li>\n<li><strong>The critical upside barrier is seen at 160.00; the key support level is located at the 158.30\u2013158.40 zone.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/JPY cross snaps the two-day losing streak during the early European session on Monday. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/ecb\">The European Central Bank (ECB)<\/a> chief economist Philip Lane said on Saturday that the central bank will have important data by June to decide on a likely series of interest rate cuts, but moving prematurely may prove self-defeating. Investors anticipate that the ECB may cut interest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> sooner than anticipated. At the press time, EUR\/JPY is trading at 159.25, gaining 0.36% on the day.<\/p>\n<p>According to the four-hour <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a>, the bullish outlook of EUR\/JPY remains intact as the cross holds above the 50- and 100-hour Exponential Moving Averages (EMA). The positive bias is backed by the 14-day Relative Strength Index (RSI) which stands above the 50 midline, indicating the further upside looks favorable.<\/p>\n<p>The critical upside barrier is seen near a high of January 10, and the psychological round mark at 160.00. A break above the latter will see a rally to the upper boundary of Bollinger Band at 160.15. Any follow-through buying will pave the way to a high of December 1 at 161.77.<\/p>\n<p>On the flip side, the key support level to watch is the confluence of the lower limit of the Bollinger Band and the 50-hour EMA at the 158.30\u2013158.40 region. Further south, the next contention level is located at the 100-EMA at 157.95. A breach of this level will see a drop to a low of January 9 at 157.20.<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>EUR\/JPY four-hour chart<\/strong><\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/EUR_JPY (4)-638408966040747842.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/JPY rebounds to 159.25 ahead of the Eurozone Industrial Production data. The cross keeps the bullish vibe unchanged above the key EMA; RSI indicator stands above the 50 midline. The critical upside barrier is seen at 160.00; the key support level is located at the 158.30\u2013158.40 zone. The EUR\/JPY cross snaps the two-day losing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,951,255,250,252,247,253,249,308,256,254],"class_list":["post-229616","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-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\/229616","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=229616"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/229616\/revisions"}],"predecessor-version":[{"id":229617,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/229616\/revisions\/229617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/13389"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=229616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=229616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=229616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}