EUR/JPY Technical Analysis: Up move flirts with 10-day SMA at 130.24. Now targets 200-day SMA at 130.77
|- The cross is reverting two consecutive daily pullbacks, regaining the 130.00 handle and above while testing at the same time the initial hurdle at the 10-day SMA at 130.24.
- Today’s advance is paving the way for a potential visit to the critical 200-day SMA at 130.77 ahead of the 21-day SMA at 131.16.
- Further up, EUR/JPY should face the next resistance at July’s peaks in the 132.00 neighbourhood.
- However, as long as the cross trades below the resistance line at 132.75, a resumption of the downtrend remains on the cards.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 130.16
Daily change: 73 pips
Daily change: 0.564%
Daily Open: 129.43
Trends:
Daily SMA20: 131.19
Daily SMA50: 129.61
Daily SMA100: 129.43
Daily SMA200: 130.84
Levels:
Daily High: 129.82
Daily Low: 129.12
Weekly High: 131.26
Weekly Low: 129.21
Monthly High: 133.15
Monthly Low: 129.21
Daily Fibonacci 38.2%: 129.39
Daily Fibonacci 61.8%: 129.55
Daily Pivot Point S1: 129.1
Daily Pivot Point S2: 128.77
Daily Pivot Point S3: 128.41
Daily Pivot Point R1: 129.79
Daily Pivot Point R2: 130.15
Daily Pivot Point R3: 130.48
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.