EUR/JPY Price Analysis: Decent Support Emerges Around 157.00
EUR/JPY regains some upside traction and reverses two straight sessions of losses at the beginning of the week.
The continuation of the uptrend could see the cross challenging the recent 2023 peak at near 159.76 (August 30) 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).
In the meantime, the resumption of the selling pressure is expected to meet initial support at the weekly low around 157.00 (September 1), an area reinforced by the temporary 55-day SMA.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 148.05.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
| OVERVIEW | |
|---|---|
| Today last price | 158.18 |
| Today Daily Change | 92 |
| Today Daily Change % | 0.39 |
| Today daily open | 157.57 |
| TRENDS | |
|---|---|
| Daily SMA20 | 158.29 |
| Daily SMA50 | 157.07 |
| Daily SMA100 | 153.47 |
| Daily SMA200 | 148.02 |
| LEVELS | |
|---|---|
| Previous Daily High | 157.97 |
| Previous Daily Low | 157.06 |
| Previous Weekly High | 159.76 |
| Previous Weekly Low | 157.06 |
| Previous Monthly High | 159.76 |
| Previous Monthly Low | 155.53 |
| Daily Fibonacci 38.2% | 157.4 |
| Daily Fibonacci 61.8% | 157.62 |
| Daily Pivot Point S1 | 157.1 |
| Daily Pivot Point S2 | 156.62 |
| Daily Pivot Point S3 | 156.19 |
| Daily Pivot Point R1 | 158.01 |
| Daily Pivot Point R2 | 158.44 |
| Daily Pivot Point R3 | 158.92 |
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