- EUR/JPY fades the move to fresh 2021 highs around 130.70.
- Next on the upside comes in the 131.00 yarstick.
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
|Today last price||129.94|
|Today Daily Change||58|
|Today Daily Change %||-0.36|
|Today daily open||130.41|
|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|
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