EUR/JPY Price Analysis: Further rangebound likely

  • EUR/JPY extends the choppy activity around 130.00 so far this week.
  • The mid-128.00s should hold the initial test if the downside picks up pace.

EUR/JPY keeps the consolidative mood unchanged around the 130.00 area for yet another session.

Extra consolidation appears on the cards in the very near term ahead of the FOMC event. On the downside, decent contention is located in the 128.50 region, which is also reinforced by a Fibo level (128.54) and the 200-day SMA (128.53).

In the meantime, while above the 200-day SMA at 128.53, the outlook for EUR/JPY is expected to remain constructive.

EUR/JPY daily chart


Today last price 130
Today Daily Change 44
Today Daily Change % 0.22
Today daily open 129.72
Daily SMA20 130.45
Daily SMA50 131.89
Daily SMA100 131.24
Daily SMA200 128.57
Previous Daily High 130.32
Previous Daily Low 129.55
Previous Weekly High 130.3
Previous Weekly Low 128.6
Previous Monthly High 134.13
Previous Monthly Low 130.04
Daily Fibonacci 38.2% 129.84
Daily Fibonacci 61.8% 130.03
Daily Pivot Point S1 129.41
Daily Pivot Point S2 129.09
Daily Pivot Point S3 128.64
Daily Pivot Point R1 130.18
Daily Pivot Point R2 130.64
Daily Pivot Point R3 130.95



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