EUR/JPY Price Analysis: Initial Resistance Comes Around 148.00
- EUR/JPY’s recovery appears to have met initial hurdle near 148.00.
- The continuation of the rebound targets the weekly high near 149.30.
The ongoing upside momentum in EUR/JPY struggles to surpass the 148.00 region with conviction on Tuesday.
Once the 148.00 area is surpassed, the cross should be able to challenge the weekly peak at 149.26 (May 8). The surpass of this level could pave the way for a potential test of the YTD high at 151.61 (May 2).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.11.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
OVERVIEW | |
---|---|
Today last price | 147.97 |
Today Daily Change | 50 |
Today Daily Change % | -0.04 |
Today daily open | 148.03 |
TRENDS | |
---|---|
Daily SMA20 | 148.15 |
Daily SMA50 | 145.46 |
Daily SMA100 | 143.6 |
Daily SMA200 | 143.09 |
LEVELS | |
---|---|
Previous Daily High | 148.18 |
Previous Daily Low | 147.22 |
Previous Weekly High | 149.27 |
Previous Weekly Low | 146.14 |
Previous Monthly High | 150.44 |
Previous Monthly Low | 142.55 |
Daily Fibonacci 38.2% | 147.81 |
Daily Fibonacci 61.8% | 147.59 |
Daily Pivot Point S1 | 147.44 |
Daily Pivot Point S2 | 146.86 |
Daily Pivot Point S3 | 146.49 |
Daily Pivot Point R1 | 148.4 |
Daily Pivot Point R2 | 148.76 |
Daily Pivot Point R3 | 149.35 |
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