The euro was looking for direction during a light session on the last trading day of the year. The EUR/JPY currency pair´s reversal from the 158.45 level was contained at the 156.10 support area, with the 157.00 mark capping bulls.Looking from a broader perspective, the pair appeared to be in a consolidation pattern, following a bearish impulse from November highs above the 164.00 level.Technical indicators were mixed, with the RSI flat near the 50 level, which may suggest a lack of clear direction. As previously mentioned, the 157.00 level appeared to be closing the path towards key resistance at 158.45, the 50% retracement of the late November sell-off.On the downside, immediate support was seen at the 156.10 mark, below the 155.35 level, and at the Dec. 14 low of 154.00.
EUR/JPY Four-Hour Chart
EUR/JPY Technical Levels to Watch
More By This Author:US Dollar Finds Momentum On US Yields Recovery, Closes A 2% Yearly Loss S&P 500 Consolidates As US Dollar And Yields Recover EUR/USD Paddles Near 1.1050 To Round Out 2023
