- EUR/JPY rebounds from recent tops and trespasses 144.00.
- Extra upside remains on the cards above the 4-month support line.
EUR/JPY manages to leave behind two daily declines in a row and briefly breaks above the 144.00 barrier on Wednesday.
In case bulls push harder, the door could open to a potential test of the weekly high at 146.13 (November 23) in the short-term horizon. While above the 4-month support line near 142.00, the near-term outlook for the cross is expected to remain positive.
In the longer run, the cross should keep the bullish view unaltered above the 200-day SMA, today at 138.96.
EUR/JPY daily chart
|Today last price||143.84|
|Today Daily Change||93|
|Today Daily Change %||0.37|
|Today daily open||143.31|
|Previous Daily High||144.03|
|Previous Daily Low||143.02|
|Previous Weekly High||146.14|
|Previous Weekly Low||143.65|
|Previous Monthly High||148.4|
|Previous Monthly Low||140.9|
|Daily Fibonacci 38.2%||143.4|
|Daily Fibonacci 61.8%||143.64|
|Daily Pivot Point S1||142.88|
|Daily Pivot Point S2||142.44|
|Daily Pivot Point S3||141.87|
|Daily Pivot Point R1||143.88|
|Daily Pivot Point R2||144.46|
|Daily Pivot Point R3||144.89|
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