EUR/JPY Price Analysis: Next Stop At The 160.00 Mark
- EUR/JPY extends the rally north of 159.00 on Wednesday.
- Further up emerges the key round level at 160.00.
EUR/JPY keeps the buying pressure well and sound and surpasses the 159.00 hurdle on Wednesday.
If the move higher picks up extra pace, the cross should challenge recent 2023 highs near 159.50 (August 22) ahead of the key round level at 160.00. The surpass of the latter should not see any resistance level of note until the 2008 high at 169.96 (July 23)
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 147.84.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
| OVERVIEW | |
|---|---|
| Today last price | 159.31 |
| Today Daily Change | 90 |
| Today Daily Change % | 0.37 |
| Today daily open | 158.72 |
| TRENDS | |
|---|---|
| Daily SMA20 | 157.98 |
| Daily SMA50 | 156.95 |
| Daily SMA100 | 153.12 |
| Daily SMA200 | 147.81 |
| LEVELS | |
|---|---|
| Previous Daily High | 159.06 |
| Previous Daily Low | 158.24 |
| Previous Weekly High | 159.49 |
| Previous Weekly Low | 156.87 |
| Previous Monthly High | 158.05 |
| Previous Monthly Low | 151.41 |
| Daily Fibonacci 38.2% | 158.75 |
| Daily Fibonacci 61.8% | 158.56 |
| Daily Pivot Point S1 | 158.29 |
| Daily Pivot Point S2 | 157.86 |
| Daily Pivot Point S3 | 157.47 |
| Daily Pivot Point R1 | 159.11 |
| Daily Pivot Point R2 | 159.5 |
| Daily Pivot Point R3 | 159.93 |
More By This Author:
Natural Gas Futures: Further Advance In Store Near Term
USD Index Price Analysis: The Hunt For 104.70
Natural Gas Futures: Extra Gains Appear Likely
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 ...
more
Comments
