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

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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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