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

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  • EUR/JPY climbs to fresh highs well past 158.00 on Thursday.
  • Further upside could now see 160.00 revisited in the near term.

EUR/JPY extends the advance for the fifth consecutive session and finally surpasses the key 158.00 hurdle to print new peaks in levels last seen in September 2008 around 158.90.

So far, the continuation of the upside momentum appears likely with an immediate target emerging at he round level of 160.00 in the short-term horizon. The breakout 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 favored while above the 200-day SMA, today at 146.92.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 158.82
Today Daily Change 134
Today Daily Change % 0.68
Today daily open 157.75
TRENDS
Daily SMA20 156.18
Daily SMA50 154.95
Daily SMA100 151.02
Daily SMA200 146.88
LEVELS
Previous Daily High 157.9
Previous Daily Low 156.91
Previous Weekly High 157.5
Previous Weekly Low 155.11
Previous Monthly High 158.05
Previous Monthly Low 151.41
Daily Fibonacci 38.2% 157.52
Daily Fibonacci 61.8% 157.29
Daily Pivot Point S1 157.14
Daily Pivot Point S2 156.54
Daily Pivot Point S3 156.16
Daily Pivot Point R1 158.13
Daily Pivot Point R2 158.51
Daily Pivot Point R3 159.12

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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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