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

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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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