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EUR/JPY Price Analysis: Gains remain limited around 151.00

  • EUR/JPY adds to Monday’s pullback and breaches 149.00.
  • Occasional bullish attempts should meet a tough barrier near 151.00.

EUR/JPY corrects further south and retreats to the sub-149.00 region on Tuesday.

In case bulls regain the initiative, there is an immediate hurdle at the so far monthly high at 150.19 (June 5). The convincing surpass of this level could put the weekly top at 151.07 (May 29) back on the radar prior to the 2023 peak at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.05.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price149.04
Today Daily Change87
Today Daily Change %-0.33
Today daily open149.54
 
Trends
Daily SMA20149.1
Daily SMA50147.58
Daily SMA100144.94
Daily SMA200144.04
 
Levels
Previous Daily High150.2
Previous Daily Low149.23
Previous Weekly High151.07
Previous Weekly Low148.59
Previous Monthly High151.62
Previous Monthly Low146.14
Daily Fibonacci 38.2%149.6
Daily Fibonacci 61.8%149.83
Daily Pivot Point S1149.12
Daily Pivot Point S2148.69
Daily Pivot Point S3148.15
Daily Pivot Point R1150.08
Daily Pivot Point R2150.62
Daily Pivot Point R3151.05

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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