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 |
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EUR/JPY Price Analysis: Next Target Now Emerges At 160.00
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