EUR/JPY Technical Analysis: A break above the 200-day SMA allows a visit to 132.00 and above
|- The has cross extended the upside to the 131.50 rgion earlier in the session, surpassing the key 200-day SMA, although losing some upside momentum afterwards.
- Today’s price action opens the door for a potential re-visit of the key July’s tops just beyond 132.00 the figure in the near term, always against the backdrop of the better tone in the risk-associated universe.
- Furthermore, the cross should keep the positive outlook while above the short-term support line, today at 128.82.
EUR/JPY daily chart
Daily high: 131.49
Daily low: 130.30
Support Levels
S1: 130.18
S2: 129.66
S3: 129.22
Resistance Levels
R1: 131.15
R2: 131.59
R3: 132.11
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