EUR/JPY Price Analysis: Extra gains seen above 132.80

EUR/JPY adds to Wednesday’s gains above the 132.00 level.
Further upside expected above the resistance line (132.80).

Pablo Piovano FXStreet

EUR/JPY extends the rebound after bottoming out in weekly lows near 131.30.

The continuation of the recovery needs to clean the 132.80 area, where sits the resistance line (off 2021 lows), to allow for extra gains to, initially, the 133.00 neighbourhood.

In the broader picture, while above the 200-day SMA at 127.92 the broader outlook for the cross should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	132.3
Today Daily Change	78
Today Daily Change %	0.41
Today daily open	131.76

Trends
Daily SMA20	132.51
Daily SMA50	132.39
Daily SMA100	130.85
Daily SMA200	127.95

Levels
Previous Daily High	131.78
Previous Daily Low	131.28
Previous Weekly High	132.7
Previous Weekly Low	130.04
Previous Monthly High	134.13
Previous Monthly Low	130.04
Daily Fibonacci 38.2%	131.59
Daily Fibonacci 61.8%	131.47
Daily Pivot Point S1	131.43
Daily Pivot Point S2	131.1
Daily Pivot Point S3	130.93
Daily Pivot Point R1	131.94
Daily Pivot Point R2	132.11
Daily Pivot Point R3	132.44

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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