EUR/JPY Price Analysis: Decent support emerged near 132.50

  • EUR/JPY reverses the recent weakness near the 132.50 level.
  • The recovery targets the 2021 highs above 134.00.

EUR/JPY manages to regain some upside traction following two consecutive daily pullbacks on Monday.

Following a decent contention in the 132.50 region, the ongoing bullish attempt could extend further, with are no relevant hurdles until de YTD highs past 134.00 the figure.

Further north comes in the September/October 2017 highs in the 134.40/50. Further gains appear likely as long as the cross remains underpinned by the immediate support line (off the March lows) near 131.70. This area is also reinforced by the proximity of the 50-day SMA (131.93).

In the broader picture, while above the 200-day SMA at 127.45 the broader outlook for the cross should remain constructive.

EUR/JPY daily chart


Today last price 132.94
Today Daily Change 32
Today Daily Change % 0.09
Today daily open 132.82
Daily SMA20 133.3
Daily SMA50 131.92
Daily SMA100 130.12
Daily SMA200 127.46
Previous Daily High 133.41
Previous Daily Low 132.66
Previous Weekly High 133.76
Previous Weekly Low 132.66
Previous Monthly High 134.06
Previous Monthly Low 130.98
Daily Fibonacci 38.2% 132.95
Daily Fibonacci 61.8% 133.13
Daily Pivot Point S1 132.52
Daily Pivot Point S2 132.22
Daily Pivot Point S3 131.77
Daily Pivot Point R1 133.27
Daily Pivot Point R2 133.72
Daily Pivot Point R3 134.02



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