EUR/JPY Price Analysis: No Changes To The Consolidation Theme So Far

  • EUR/JPY comes under selling pressure around the 158.00 zone.
  • The continuation of the range-bound mood seems likely.

EUR/JPY reverses two consecutive daily gains and faces some downside pressure near 158.00 on Wednesday.

Considering the ongoing performance, further consolidation appears in store for the cross for the time being. In the meantime, the breakout of this range could put the September high of 158.65 (September 13) to the test ahead of the 2023 top at 159.76 (August 30).

So far, the longer-term positive outlook for the cross appears favored while above the 200-day SMA, today at 150.50.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 158.03
Today Daily Change 60
Today Daily Change % -0.28
Today daily open 158.47
TRENDS
Daily SMA20 157.51
Daily SMA50 157.94
Daily SMA100 156.36
Daily SMA200 150.46
LEVELS
Previous Daily High 158.62
Previous Daily Low 157.1
Previous Weekly High 158.61
Previous Weekly Low 156.51
Previous Monthly High 158.66
Previous Monthly Low 156.58
Daily Fibonacci 38.2% 158.04
Daily Fibonacci 61.8% 157.68
Daily Pivot Point S1 157.51
Daily Pivot Point S2 156.54
Daily Pivot Point S3 155.99
Daily Pivot Point R1 159.03
Daily Pivot Point R2 159.58
Daily Pivot Point R3 160.55

More By This Author:

Crude Oil Futures: Further Upside Looks Not Favored
EUR/USD Price Analysis: Some Consolidation Appears On The Table
EUR/JPY Price Analysis: Extra Consolidation Looks 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 ...

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