• EUR/JPY adds to Thursday’s bounce and approaches 138.00.
  • Further gains appear likely on a close above the 138.40 region.

EUR/JPY bounces further in the second half of the week and looks to reclaim the 138.00 barrier and above in the near term.

The continuation of the upside momentum is expected to meet an interim hurdle at the 100-day SMA at 138.09 prior to the August top at 138.39 (August 10). The surpass of this level should allow for extra gains to, initially, the 55-day SMA at 139.63.

While above the 200-day SMA at 133.90, the outlook for the cross is expected to remain constructive. This contention zone also appears underpinned by the proximity of the August low at 133.39 (August 2).

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 137.54
Today Daily Change 61
Today Daily Change % 0.20
Today daily open 137.26
 
Trends
Daily SMA20 138.06
Daily SMA50 139.81
Daily SMA100 138.1
Daily SMA200 133.9
 
Levels
Previous Daily High 137.4
Previous Daily Low 136.3
Previous Weekly High 137.76
Previous Weekly Low 133.4
Previous Monthly High 142.43
Previous Monthly Low 135.55
Daily Fibonacci 38.2% 136.98
Daily Fibonacci 61.8% 136.72
Daily Pivot Point S1 136.57
Daily Pivot Point S2 135.89
Daily Pivot Point S3 135.48
Daily Pivot Point R1 137.67
Daily Pivot Point R2 138.08
Daily Pivot Point R3 138.77

 

 

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