EUR/JPY Price Analysis: Decent resistance turns up around 158.00

EUR/JPY comes under pressure following Friday’s new tops.
Further gains need to clear the 158.00 region.

Pablo Piovano FXStreet

EUR/JPY comes under some moderated downside pressure and retreats to the low-156.00s following Friday’s YTD tops just above 158.00 the figure.

In the meantime, the cross keeps the recovery mode well in place and the continuation of the uptrend is expected to challenge the key round level at 160.00 sooner rather than later.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.27.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	156.32
Today Daily Change	152
Today Daily Change %	-0.91
Today daily open	157.76

Trends
Daily SMA20	156.42
Daily SMA50	153.2
Daily SMA100	149.3
Daily SMA200	146.26

Levels
Previous Daily High	158.05
Previous Daily Low	155.59
Previous Weekly High	158.05
Previous Weekly Low	154.88
Previous Monthly High	158
Previous Monthly Low	148.62
Daily Fibonacci 38.2%	157.11
Daily Fibonacci 61.8%	156.53
Daily Pivot Point S1	156.22
Daily Pivot Point S2	154.67
Daily Pivot Point S3	153.76
Daily Pivot Point R1	158.68
Daily Pivot Point R2	159.6
Daily Pivot Point R3	161.14

Author

Pablo Piovano

FXStreet

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

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