|

EUR/JPY Price Analysis: Bullish stance unchanged so far

  • EUR/JPY trades in a vacillating tone above 158.00.
  • Further gains are expected to dispute the 2023 peak at 159.76.

EUR/JPY seems to have met some decent resistance around the 158.40 zone so far this 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 (157.02).

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 148.20.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price158.34
Today Daily Change68
Today Daily Change %-0.04
Today daily open158.4
 
Trends
Daily SMA20158.41
Daily SMA50157.11
Daily SMA100153.69
Daily SMA200148.16
 
Levels
Previous Daily High158.5
Previous Daily Low157.8
Previous Weekly High159.76
Previous Weekly Low157.06
Previous Monthly High159.76
Previous Monthly Low155.53
Daily Fibonacci 38.2%158.24
Daily Fibonacci 61.8%158.07
Daily Pivot Point S1157.97
Daily Pivot Point S2157.54
Daily Pivot Point S3157.27
Daily Pivot Point R1158.66
Daily Pivot Point R2158.93
Daily Pivot Point R3159.36

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

More from Pablo Piovano
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD posts modest gains above 1.1700 as ECB signals pause

The EUR/USD pair posts modest gains around 1.1710 during the early Asian session on Monday. The Euro strengthens against the Greenback after the European Central Bank left its policy rates unchanged and took a more positive view on the Eurozone economy, which has shown resilience to global trade shocks. Financial markets are likely to remain subdued as traders book profits ahead of the long holiday period.

GBP/USD gains ground near 1.3400 ahead of UK Q3 GDP data

GBP/USD gains ground after three days of losses, trading around 1.3390 during the Asian hours on Monday. The pair depreciates as the Pound Sterling holds ground ahead of the release of the United Kingdom Gross Domestic Product for the third quarter.

Gold sits at record high near $4,400 amid renewed geopolitical woes

Gold is sitting near $4,400 early Monday, renewing lifetime highs, helped by renewed geopolitical tensions. Israel-Iran conflict and US-Venezuela headlines drive investors toward the traditional store of value, Gold. 

Top Crypto Gainers: Audiera, Midnight, MemeCore sustain weekend gains

Audiera, Midnight, and MemeCore recorded double-digit gains on Sunday and remain top performers over the last 24 hours. Audiera extends the rally while Midnight takes a breather, and MemeCore struggles at a crucial moving average. 

De-dollarisation by design: Gold’s partner in the new system

You don’t need another 2008 for the system to reset. You just need enough nations to stop settling trade in dollars. And that’s already happening. "If gold is the anchor, what actually moves value in a post-dollar world?” It’s a question most gold investors overlook. We think in terms of storage and preservation, but in the new rails being built, settlement speed matters just as much as soundness of money.

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.