EUR/JPY Price Analysis: Extra gains remain on the cards near term

EUR/JPY extends further north of 137.00 its weekly recovery.
Immediately to the upside comes the August high at 138.40.

Pablo Piovano FXStreet

EUR/JPY adds to Tuesday’s gains and reclaims the area beyond the 137.00 yardstick on Wednesday.

In case the recovery becomes more serious, then the cross should meet the next barrier at the 100-day SMA at 138.10 ahead of the more relevant August high at 138.39 (August 10).

While above the 200-day SMA, today at 133.98, the prospects for the pair should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	137.33
Today Daily Change	110
Today Daily Change %	0.62
Today daily open	136.49

Trends
Daily SMA20	137.46
Daily SMA50	139.52
Daily SMA100	138.12
Daily SMA200	133.98

Levels
Previous Daily High	136.92
Previous Daily Low	134.95
Previous Weekly High	138.4
Previous Weekly Low	136.3
Previous Monthly High	142.43
Previous Monthly Low	135.55
Daily Fibonacci 38.2%	136.17
Daily Fibonacci 61.8%	135.7
Daily Pivot Point S1	135.32
Daily Pivot Point S2	134.15
Daily Pivot Point S3	133.35
Daily Pivot Point R1	137.29
Daily Pivot Point R2	138.09
Daily Pivot Point R3	139.26

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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