EUR/JPY Price Analysis: Firm Resistance Remains Around 158.60
- EUR/JPY reverses two daily pullbacks in a row on Monday.
- Further upside should meet the next target around 158.60.
EUR/JPY regains some composure and manages to leave behind a two-day negative streak at the beginning of the week.
The acceleration of the rebound is expected to put the September high of 158.65 (September 13) to the test ahead of the 2023 top at 159.76 (August 30), which precedes the key round level at 160.00.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 150.33.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
| OVERVIEW | |
|---|---|
| Today last price | 157.47 |
| Today Daily Change | 63 |
| Today Daily Change % | 0.18 |
| Today daily open | 157.19 |
| TRENDS | |
|---|---|
| Daily SMA20 | 157.48 |
| Daily SMA50 | 157.89 |
| Daily SMA100 | 156.2 |
| Daily SMA200 | 150.3 |
| LEVELS | |
|---|---|
| Previous Daily High | 158.05 |
| Previous Daily Low | 157.05 |
| Previous Weekly High | 158.61 |
| Previous Weekly Low | 156.51 |
| Previous Monthly High | 158.66 |
| Previous Monthly Low | 156.58 |
| Daily Fibonacci 38.2% | 157.43 |
| Daily Fibonacci 61.8% | 157.67 |
| Daily Pivot Point S1 | 156.81 |
| Daily Pivot Point S2 | 156.43 |
| Daily Pivot Point S3 | 155.81 |
| Daily Pivot Point R1 | 157.81 |
| Daily Pivot Point R2 | 158.43 |
| Daily Pivot Point R3 | 158.81 |
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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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