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

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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 ...

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