EUR/JPY Price Analysis: Further Gains Could Challenge 160.00 Near Term

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  • EUR/JPY keeps the range-bound trade around the 159.00 region.
  • Extra upside could test the 160.00 region in the short term.

EUR/JPY prints decent gains around the 159.00 zone amidst the so-far multi-day consolidative mood on Wednesday.

So far, the continuation of the upside momentum appears likely with an immediate target emerging at the round level of 160.00. The breakout of the latter should not see any resistance level of note until 2008 high at 169.96 (July 23)

So far, the longer-term positive outlook for the cross appears favored while above the 200-day SMA, today at 147.16.
 

EUR/JPY daily chart


EUR/JPY

OVERVIEW
Today last price 159.11
Today Daily Change 51
Today Daily Change % 0.20
Today daily open 158.8
TRENDS
Daily SMA20 156.81
Daily SMA50 155.7
Daily SMA100 151.71
Daily SMA200 147.14
LEVELS
Previous Daily High 159.34
Previous Daily Low 158.54
Previous Weekly High 159.22
Previous Weekly Low 155.81
Previous Monthly High 158.05
Previous Monthly Low 151.41
Daily Fibonacci 38.2% 159.03
Daily Fibonacci 61.8% 158.84
Daily Pivot Point S1 158.45
Daily Pivot Point S2 158.09
Daily Pivot Point S3 157.65
Daily Pivot Point R1 159.25
Daily Pivot Point R2 159.69
Daily Pivot Point R3 160.05

More By This Author:

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Crude Oil Futures: Downside Could Be Losing Momentum
EUR/JPY Price Analysis: Next Target Now Emerges At 160.00

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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