EUR/JPY Price Analysis: Next On The Upside Comes The 143.00 Region
- EUR/JPY climbs further and retakes the 142.00 mark.
- Further gains could see the resistance area around 143.00 revisited.
EUR/JPY adds to Friday’s strong bounce and leaves behind the key 142.00 hurdle at the beginning of the week.
A sustainable breakout of the 200-day SMA, today at 140.76, should shift the outlook to a more constructive one and open the door to a probable visit to the key resistance area near 143.00 in the short-term horizon (high December 28, January 11).
On the downside, there is an initial contention around the 138.00 zone for the time being.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
| OVERVIEW | |
|---|---|
| Today last price | 141.69 |
| Today Daily Change | 161 |
| Today Daily Change % | 0.72 |
| Today daily open | 140.68 |
| TRENDS | |
|---|---|
| Daily SMA20 | 140.43 |
| Daily SMA50 | 142.44 |
| Daily SMA100 | 143.14 |
| Daily SMA200 | 140.78 |
| LEVELS | |
|---|---|
| Previous Daily High | 141.2 |
| Previous Daily Low | 138.91 |
| Previous Weekly High | 141.69 |
| Previous Weekly Low | 137.92 |
| Previous Monthly High | 146.73 |
| Previous Monthly Low | 138.8 |
| Daily Fibonacci 38.2% | 140.32 |
| Daily Fibonacci 61.8% | 139.78 |
| Daily Pivot Point S1 | 139.33 |
| Daily Pivot Point S2 | 137.97 |
| Daily Pivot Point S3 | 137.04 |
| Daily Pivot Point R1 | 141.62 |
| Daily Pivot Point R2 | 142.56 |
| Daily Pivot Point R3 | 143.91 |
More By This Author:
USD/JPY Climbs To Daily Highs And Approaches 130.00
EUR/USD Keeps The Bid Bias Unchanged Near 1.0860
USD Index Price Analysis: The Breach Of 101.77 Exposes A Deeper Decline
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