EUR/JPY Price Analysis: Further Consolidation In The Pipeline

  • EUR/JPY alternates gains with losses around 140.50 midweek.
  • The 143.00 region remains a tough near-term resistance zone.

EUR/JPY navigates within a narrow range in the mid-140.00s following Tuesday’s sharp sell-off.

While the cross is expected to maintain the side-lined theme in the short term, the 143.00 area remains a solid barrier for bulls. This key resistance zone also appears reinforced by the 100-day SMA, today at 142.89

If the cross breaches the 200-day SMA at 141.00 in a sustainable fashion, the outlook is expected to shift to bearish.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 140.55
Today Daily Change 64
Today Daily Change % -0.04
Today daily open 140.6
TRENDS
Daily SMA20 140.76
Daily SMA50 141.68
Daily SMA100 142.94
Daily SMA200 141.02
LEVELS
Previous Daily High 142.44
Previous Daily Low 140.29
Previous Weekly High 142.34
Previous Weekly Low 139.93
Previous Monthly High 142.86
Previous Monthly Low 137.39
Daily Fibonacci 38.2% 141.11
Daily Fibonacci 61.8% 141.62
Daily Pivot Point S1 139.78
Daily Pivot Point S2 138.96
Daily Pivot Point S3 137.62
Daily Pivot Point R1 141.93
Daily Pivot Point R2 143.26
Daily Pivot Point R3 144.08

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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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