- EUR/JPY regains the smile following Thursday’s sharp drop.
- Extra gains are likely above the May high near 138.30.
Following Thursday’s deep sell-off, EUR/JPY seems to have met some decent contention near 132.60 for the time being.
If the recovery picks extra pace, then the cross could see the downside mitigated on a close above the May peak at 138.31 (May 9). The surpass of the latter should put a potential visit to the 2022 high at 140.00 (April 21) back on the radar.
In the meantime, while above the 200-day SMA at 131.02, the outlook for the cross is expected to remain constructive.
EUR/JPY daily chart
|Today last price||133.99|
|Today Daily Change||120|
|Today Daily Change %||0.58|
|Today daily open||133.22|
|Previous Daily High||136.75|
|Previous Daily Low||132.66|
|Previous Weekly High||138.16|
|Previous Weekly Low||136.52|
|Previous Monthly High||140|
|Previous Monthly Low||134.3|
|Daily Fibonacci 38.2%||134.22|
|Daily Fibonacci 61.8%||135.19|
|Daily Pivot Point S1||131.67|
|Daily Pivot Point S2||130.12|
|Daily Pivot Point S3||127.58|
|Daily Pivot Point R1||135.76|
|Daily Pivot Point R2||138.3|
|Daily Pivot Point R3||139.85|
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