EUR/JPY Price Analysis: Immediately to the upside comes 160.00

EUR/JPY adds to Thursday’s pullback and breaks below 158.00.
The 160.00 region aligns as the next target on the upside.

Pablo Piovano FXStreet

EUR/JPY slips back below the 158.00 yardstick to print new weekly lows on Friday.

So far, the emergence of some consolidation seems probable in the very near term ahead of the continuation of the upside. Against that, the immediate target remains at the round level of 160.00.

The surpass of the latter should not see any resistance level of note until the 2008 high at 169.96 (July 23)

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 147.31.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	158.1
Today Daily Change	83
Today Daily Change %	-0.29
Today daily open	158.56

Trends
Daily SMA20	157.09
Daily SMA50	156.06
Daily SMA100	152
Daily SMA200	147.27

Levels
Previous Daily High	159.3
Previous Daily Low	158.26
Previous Weekly High	159.22
Previous Weekly Low	155.81
Previous Monthly High	158.05
Previous Monthly Low	151.41
Daily Fibonacci 38.2%	158.65
Daily Fibonacci 61.8%	158.9
Daily Pivot Point S1	158.11
Daily Pivot Point S2	157.66
Daily Pivot Point S3	157.07
Daily Pivot Point R1	159.16
Daily Pivot Point R2	159.75
Daily Pivot Point R3	160.2

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 struggles to build on recent rebound, holds above 1.1550

EUR/USD trades marginally lower on the day but holds above 1.1550 in the American session, following Thursday's rebound. The pair holds near its intraday high as the US Dollar remains pressured by hopes the Middle East conflict will soon come to an end.

GBP/USD hovers around 1.3400 as investors await war clarity

GBP/USD remains near its daily open, not far from 1.3400, in the second half of Friday's session. The US Dollar lost its previous intraday strength and weakens as investors await clarity on the US-Iran war.

Gold stabilizes above $4,200 as wait-and-see continues

After rising more than 3% on Thursday, Gold (XAU/USD) stabilized around the $4,200 mark in the American session on Friday. The US dollar seesaws between gains and losses, but remains within familiar levels as investors remain skeptical yet hopeful about a resolution to the Middle East conflict.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

SpaceX launches 24% higher at Friday debut

Space Exploration Technologies (SPCX), aka SpaceX, zoomed 24% higher soon after the start of its first IPO trading day on Friday. Shares of the rocket and artificial intelligence (AI) company founded by Elon Musk began trading at about 11:46 am EST and quickly gained speed.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.