{"id":245231,"date":"2024-02-11T03:43:34","date_gmt":"2024-02-10T22:13:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=245231"},"modified":"2024-02-11T03:43:34","modified_gmt":"2024-02-10T22:13:34","slug":"shy-of-hitting-ytd-high-above-161-00-as-doji-looms-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/shy-of-hitting-ytd-high-above-161-00-as-doji-looms-crypto-news\/","title":{"rendered":"Shy of hitting YTD high above 161.00 as doji looms &#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 hits year-to-date high, buoyed by positive sentiment and BoJ dovish comments.<\/strong><\/li>\n<li><strong>Above 161.00, eyes on 162.00 resistance; below 160.27 swing low may test 160.00 support.<\/strong><\/li>\n<li><strong>Technical analysis hints at pullback, with critical supports at 160.00, today\u2019s low 160.77, and pivot 160.46<\/strong><\/li>\n<\/ul>\n<p>The EUR\/JPY pierces the 161.00 figure and hits a two-week high of 161.26, courtesy of a risk-on impulse and \u201cdovish\u201d comments by a Bank of Japan (BoJ) member. At the time of writing, the pair hovers around 161.00, clocking minimal 0.05% gains.<\/p>\n<p>The daily <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a> portrays the EUR\/JPY pair is upward biased. Still, Friday\u2019s price action is shaping a doji, which indicates neither buyer&#8217;s nor sellers&#8217; commitment to their positions. With that said, if buyers reclaim 161.00, look for an upside move to 162.00. On the flip side, if sellers step in and clear the February 5 swing low of 160.27, that could pave the way to challenge 160.00.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Price Action \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638431079822694027.png\"><\/a><\/p>\n<p>In the short term, the divergence between EUR\/JPY price action and Relative Strength Index (RSI) studies could open the door for a pullback. The first support is seen at 160.00 the confluence of the Tenkan and Kijun-Sen, followed by today\u2019s low of 160.77, followed by the daily pivot at 160.46.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Price Action \u2013 Hourly Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638431079481687549.png\"><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638431079481687549.png\" style=\"width: 1572;height: 828\" \/><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/JPY hits year-to-date high, buoyed by positive sentiment and BoJ dovish comments. Above 161.00, eyes on 162.00 resistance; below 160.27 swing low may test 160.00 support. Technical analysis hints at pullback, with critical supports at 160.00, today\u2019s low 160.77, and pivot 160.46 The EUR\/JPY pierces the 161.00 figure and hits a two-week high of [&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-245231","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\/245231","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=245231"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/245231\/revisions"}],"predecessor-version":[{"id":245237,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/245231\/revisions\/245237"}],"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=245231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=245231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=245231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}