EUR/JPY Price Analysis: Extra upside awaits above 138.40

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

Pablo Piovano FXStreet

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

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.

EUR/USD recovers further from one-month low set on Friday, eyes mid-1.1800s on weaker USD

The EUR/USD pair is seen building on Friday's late recovery from the 1.1750-1.1740 region, or a nearly one-month trough, and gaining some follow-through positive traction at the start of a new week. The momentum lifts spot prices to the 1.1835 area during the Asian session and is sponsored by a broadly weaker US Dollar.

GBP/USD gathers strength above 1.3500 amid tariff confusion

The GBP/USD pair gains traction to around 1.3520 during the early Asian session on Monday. The US Dollar faces some selling pressure against the Cable as tariff uncertainty lingers. Traders will take more cues from the US Producer Price Index report for January, which will be published later on Friday.

Gold rallies above $5,150 as Trump’s tariffs boost haven demand

Gold price extends the rally above $5,150 in the Asian session on Monday. The precious metal extends the rally amid US President Donald Trump’s tariff threats and uncertainty, which boost safe-haven flows. US-Iran geopolitical risks also linger, supporting the Gold price upside.

Week ahead: Markets brace for heightened volatility as event risk dominates

Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness. Yen and aussie diverge; both pound and euro could recoup their losses.

Liberation day take two, the tariff machine just changed gears

Let me caveat this from the outset. What we are watching is first-order mechanics, not the grand macro endgame. This is the market’s immediate reflex to a 15% Trump tariff levy dressed up as judicial drama. The Supreme Court blocked Trump tarrif hammer. The White House came back with a scalpel.

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.