EUR/JPY Price Analysis: Rally Looks Unabated So Far
- EUR/JPY advances to new yearly highs beyond 161.00.
- There are no up-barriers of note until the 2008 top near 170.00.
EUR/JPY extends the march north of the fifth session in a row and clinches a new 2023 peak past the 161.00 hurdle on Wednesday.
Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 161.05 (November 8) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23)
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 151.92.
EUR/JPY daily chart
EUR/JPY
OVERVIEW | |
---|---|
Today last price | 160.98 |
Today Daily Change | 36 |
Today Daily Change % | 0.05 |
Today daily open | 160.9 |
TRENDS | |
---|---|
Daily SMA20 | 158.94 |
Daily SMA50 | 158.19 |
Daily SMA100 | 157.57 |
Daily SMA200 | 151.86 |
LEVELS | |
---|---|
Previous Daily High | 161.03 |
Previous Daily Low | 160.43 |
Previous Weekly High | 160.85 |
Previous Weekly Low | 157.7 |
Previous Monthly High | 160.85 |
Previous Monthly Low | 154.39 |
Daily Fibonacci 38.2% | 160.8 |
Daily Fibonacci 61.8% | 160.66 |
Daily Pivot Point S1 | 160.54 |
Daily Pivot Point S2 | 160.19 |
Daily Pivot Point S3 | 159.94 |
Daily Pivot Point R1 | 161.14 |
Daily Pivot Point R2 | 161.38 |
Daily Pivot Point R3 | 161.74 |
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