- EUR/JPY adds to Tuesday’s recovery and targets 130.00.
- The next hurdle of note comes in at the 131.00 area.
After bottoming out in the mid-128.00s in the first half of the week, EUR/JPY seems to have regained some composure and now retargets the psychological 130.00 the figure, up for the second day in a row.
The continuation of the recovery should track further improvement in the risk complex and could extend to the 131.00 neighbourhood, where coincides weekly highs and the 100-day SMA. The surpass of this area should mitigate the downside pressure.
In the meantime, a move to the 200-day SMA near 128.40 should also be negated if the cross manages to clear 131.00, ideally in the very short term.
EUR/JPY daily chart
|Today last price||129.65|
|Today Daily Change||57|
|Today Daily Change %||0.18|
|Today daily open||129.42|
|Previous Daily High||129.49|
|Previous Daily Low||128.6|
|Previous Weekly High||131.09|
|Previous Weekly Low||129.61|
|Previous Monthly High||134.13|
|Previous Monthly Low||130.04|
|Daily Fibonacci 38.2%||129.15|
|Daily Fibonacci 61.8%||128.94|
|Daily Pivot Point S1||128.85|
|Daily Pivot Point S2||128.28|
|Daily Pivot Point S3||127.96|
|Daily Pivot Point R1||129.74|
|Daily Pivot Point R2||130.06|
|Daily Pivot Point R3||130.63|
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