EUR/JPY Price Analysis: No Changes To The Upside Target

  • EUR/JPY adds to Thursday’s gains and approaches 158.00.
  • Next on the upside for bulls emerges the 160.00 yardstick.

EUR/JPY picks up extra pace and flirts with the key hurdle at 158.00 the figure at the end of the week.

If the move higher gathers extra impulse, the cross should challenge recent 2023 peaks 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 147.64.
 

EUR/JPY daily chart


EUR/JPY

OVERVIEW
Today last price 157.74
Today Daily Change 60
Today Daily Change % 0.04
Today daily open 157.67
TRENDS
Daily SMA20 157.69
Daily SMA50 156.74
Daily SMA100 152.71
Daily SMA200 147.61
LEVELS
Previous Daily High 158.05
Previous Daily Low 157.11
Previous Weekly High 159.34
Previous Weekly Low 157.66
Previous Monthly High 158.05
Previous Monthly Low 151.41
Daily Fibonacci 38.2% 157.69
Daily Fibonacci 61.8% 157.47
Daily Pivot Point S1 157.17
Daily Pivot Point S2 156.67
Daily Pivot Point S3 156.23
Daily Pivot Point R1 158.11
Daily Pivot Point R2 158.54
Daily Pivot Point R3 159.04

More By This Author:

Natural Gas Futures: Extra Rebound Seems Not Favored
EUR/JPY Price Analysis: Bulls Continue To Target 160.00
Natural Gas Futures: Door Open To Extra Losses

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
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with