EUR/JPY Price Analysis: Extra gains remain on the table

EUR/JPY fades the move to fresh 2021 highs around 130.70.
Next on the upside comes in the 131.00 yarstick.

Pablo Piovano FXStreet

EUR/JPY corrects lower after clinching new yearly tops in the vicinity of 130.70 on Wednesday.

The recovery remains healthy and a surpass of YTD peaks should put the 131.00 level back on the radar. While above the short-term support line in the 128.30 region, extra gains remain likely. This area of contention is reinforced by the proximity of the 50-day SMA at 128.61.

Further north of 131.00 comes in the 2018 high at 131.98 (July 17).

In the meantime, while above the 200-day SMA at 125.55 the broader outlook for the cross should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	129.94
Today Daily Change	58
Today Daily Change %	-0.36
Today daily open	130.41

Trends
Daily SMA20	129.72
Daily SMA50	128.58
Daily SMA100	127.24
Daily SMA200	125.6

Levels
Previous Daily High	130.69
Previous Daily Low	130.14
Previous Weekly High	130.34
Previous Weekly Low	128.83
Previous Monthly High	130.67
Previous Monthly Low	128.18
Daily Fibonacci 38.2%	130.48
Daily Fibonacci 61.8%	130.35
Daily Pivot Point S1	130.14
Daily Pivot Point S2	129.87
Daily Pivot Point S3	129.59
Daily Pivot Point R1	130.68
Daily Pivot Point R2	130.96
Daily Pivot Point R3	131.23

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.

GBP/USD: Downward-sloping trendline near 1.3470 remains key barrier

The British pound faces selling pressure against its major currency peers, trading 0.1% lower at around 1.3420 against the US Dollar during the European trading session on Tuesday.

Euro flirts with daily tops near 1.1530

EUR/USD has regained momentum after Monday’s pullback, advancing past the 1.1500 barrier to reach daily highs on turnaround Tuesday. Hopes for a diplomatic solution to the Middle East crisis continue to weigh on the US Dollar, alongside disheartening June US JOLTs figures.

Ripple Price Forecast: XRP extends technical weakness despite whales increasing exposure

Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.

Volatility waits for fresh catalyst ahead of US-Iran 'talks'

EU mid-market update: SpaceX and AMD to report after the close; Volatility waits for fresh catalyst ahead of US-Iran 'talks'. - Middle East and energy drives sentiment still.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.