EUR/JPY Price Analysis: Extra Consolidation Looks Likely
- EUR/JPY alternates gains with losses around 158.00.
- The continuation of the side-lined trade appears on the cards.
EUR/JPY navigates within a narrow range in the 158.00 region so far on Tuesday.
Considering the ongoing performance, further consolidation appears in store for the cross for the time being. In the meantime, the breakout of this range could put the September high of 158.65 (September 13) to the test ahead of the 2023 top at 159.76 (August 30).
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 150.42.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
OVERVIEW | |
---|---|
Today last price | 157.83 |
Today Daily Change | 105 |
Today Daily Change % | -0.03 |
Today daily open | 157.87 |
TRENDS | |
---|---|
Daily SMA20 | 157.48 |
Daily SMA50 | 157.91 |
Daily SMA100 | 156.27 |
Daily SMA200 | 150.38 |
LEVELS | |
---|---|
Previous Daily High | 157.99 |
Previous Daily Low | 157.06 |
Previous Weekly High | 158.61 |
Previous Weekly Low | 156.51 |
Previous Monthly High | 158.66 |
Previous Monthly Low | 156.58 |
Daily Fibonacci 38.2% | 157.63 |
Daily Fibonacci 61.8% | 157.41 |
Daily Pivot Point S1 | 157.29 |
Daily Pivot Point S2 | 156.71 |
Daily Pivot Point S3 | 156.36 |
Daily Pivot Point R1 | 158.22 |
Daily Pivot Point R2 | 158.57 |
Daily Pivot Point R3 | 159.15 |
More By This Author:
Natural Gas Futures - Further Decline On The CardsCrude Oil Futures: Extra Pullbacks Not Favoured
EUR/USD Price Analysis: Immediately To The Upside Comes 1.0640
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