EUR/JPY Price Analysis: Extra upside on the cards above 134.50


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  • EUR/JPY falters once again around the 136.70 region.
  • Extra gains look likely while above the 134.50 zone.

EUR/JPY corrects lower after failing once again to extend the recovery further north of the 136.70 area on Friday.

The succession of higher lows since mid-May leaves the prospects for further upside well on the table for the time being. That said, while above the 2-month support line near 134.50, further upside appears likely with the next target at recent peaks in the 136.80 region ahead of the May high at 138.31 (May 9).

In the meantime, while above the 200-day SMA at 131.36, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 136.17
Today Daily Change 70
Today Daily Change % -0.12
Today daily open 136.33
 
Trends
Daily SMA20 136.15
Daily SMA50 135.88
Daily SMA100 132.8
Daily SMA200 131.36
 
Levels
Previous Daily High 136.64
Previous Daily Low 135.23
Previous Weekly High 136.7
Previous Weekly Low 133.75
Previous Monthly High 140
Previous Monthly Low 134.3
Daily Fibonacci 38.2% 136.1
Daily Fibonacci 61.8% 135.77
Daily Pivot Point S1 135.49
Daily Pivot Point S2 134.66
Daily Pivot Point S3 134.09
Daily Pivot Point R1 136.9
Daily Pivot Point R2 137.47
Daily Pivot Point R3 138.3

 

 

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