- EUR/JPY breaks above the 138.00 mark to clinch new highs.
- The rally now targets the 139.00 mark in the near term.
EUR/JPY has quickly left behind the 138.00 barrier and records new YTD peaks around 138.80 on Tuesday.
Further upside thus appears on the cards with the immediate target at the August 2015 high at 138.99 (August 21) prior to the round level at 140.00. Further up is seen the June 2015 peak at 141.05 (June 4).
In the meantime, while above the 200-day SMA at 130.38, the outlook for the cross is expected to remain constructive.
EUR/JPY daily chart
|Today last price||138.49|
|Today Daily Change||201|
|Today Daily Change %||1.12|
|Today daily open||136.96|
|Previous Daily High||137.03|
|Previous Daily Low||136.45|
|Previous Weekly High||137.13|
|Previous Weekly Low||135.28|
|Previous Monthly High||137.54|
|Previous Monthly Low||124.39|
|Daily Fibonacci 38.2%||136.81|
|Daily Fibonacci 61.8%||136.67|
|Daily Pivot Point S1||136.6|
|Daily Pivot Point S2||136.24|
|Daily Pivot Point S3||136.03|
|Daily Pivot Point R1||137.17|
|Daily Pivot Point R2||137.39|
|Daily Pivot Point R3||137.75|
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