EUR/JPY Price Analysis: Bulls Continue To Target 160.00
- EUR/JPY reverses part of the recent two-day decline.
- Further recovery keeps targeting the 160.00 region.
EUR/JPY regains upside traction following two consecutive daily pullbacks on Thursday.
If the rebound gathers extra impulse, the cross should challenge recent 2023 peaks near 159.50 ahead of the key round level at 160.00. The surpass of the latter should not see any resistance level of note until the 2008 high at 169.96 (July 23)
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 147.58.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
OVERVIEW | |
---|---|
Today last price | 157.94 |
Today Daily Change | 90 |
Today Daily Change % | 0.39 |
Today daily open | 157.32 |
TRENDS | |
---|---|
Daily SMA20 | 157.46 |
Daily SMA50 | 156.66 |
Daily SMA100 | 152.58 |
Daily SMA200 | 147.55 |
LEVELS | |
---|---|
Previous Daily High | 158.38 |
Previous Daily Low | 156.87 |
Previous Weekly High | 159.34 |
Previous Weekly Low | 157.66 |
Previous Monthly High | 158.05 |
Previous Monthly Low | 151.41 |
Daily Fibonacci 38.2% | 157.45 |
Daily Fibonacci 61.8% | 157.8 |
Daily Pivot Point S1 | 156.67 |
Daily Pivot Point S2 | 156.02 |
Daily Pivot Point S3 | 155.17 |
Daily Pivot Point R1 | 158.18 |
Daily Pivot Point R2 | 159.03 |
Daily Pivot Point R3 | 159.68 |
More By This Author:
Natural Gas Futures: Door Open To Extra LossesUSD Index Price Analysis: Further Up Comes 104.70
EUR/JPY Price Analysis: Interim Support Comes Near 156.00
Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...
more