EUR/JPY Price Analysis: Further consolidation likely

EUR/JPY keeps the consolidative mood well and sound.
The 134.40 region keeps supporting the downside.

Pablo Piovano FXStreet

EUR/JPY extends the range bound theme near the 135.00 area at the end of the week.

In light of the recent price action, further consolidation remains likely in the very near term ahead of the potential resumption of the bullish bias. That said, the 2022 high at 137.54 (March 28) emerges as the immediate hurdle prior to the August 2015 peak at 138.99 (August 15) and ahead of the round level at 140.00.

In the meantime, while above the 200-day SMA at 130.17, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	134.88
Today Daily Change	81
Today Daily Change %	0.03
Today daily open	134.84

Trends
Daily SMA20	133.26
Daily SMA50	131.07
Daily SMA100	130.19
Daily SMA200	130.19

Levels
Previous Daily High	135.5
Previous Daily Low	134.42
Previous Weekly High	137.54
Previous Weekly Low	134
Previous Monthly High	137.54
Previous Monthly Low	124.39
Daily Fibonacci 38.2%	134.83
Daily Fibonacci 61.8%	135.09
Daily Pivot Point S1	134.34
Daily Pivot Point S2	133.84
Daily Pivot Point S3	133.26
Daily Pivot Point R1	135.42
Daily Pivot Point R2	136.01
Daily Pivot Point R3	136.51

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 trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.