EUR/JPY Price Analysis: Interim hurdle aligns above 131.00


Share:
  • EUR/JPY meets some resistance around the 131.00 area.
  • A drop to recent lows near 129.50 remains in the pipeline.

The upside momentum in EUR/JPY seems to have met a decent hurdle in the 131.00 neighbourhood so far this week. This resistance area coincides with the 100d-day SMA (131.11).

Failure to clear this area should expose further downside and the probable test of the monthly lows in the mid-129.00s in the short-term horizon.

If bulls regain the upper hand, then the so far July peaks around 132.40 (July 1) should emerge as the next target of note. This zone is also reinforced by the proximity of the 50-day SMA (132.32).

The broader outlook for the cross is seen as constructive while it trades above the 200-day SMA, today at 128.22.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 130.51
Today Daily Change 60
Today Daily Change % -0.33
Today daily open 130.94
 
Trends
Daily SMA20 131.63
Daily SMA50 132.39
Daily SMA100 131.13
Daily SMA200 128.25
 
Levels
Previous Daily High 130.99
Previous Daily Low 130.45
Previous Weekly High 131.87
Previous Weekly Low 129.62
Previous Monthly High 134.13
Previous Monthly Low 130.04
Daily Fibonacci 38.2% 130.78
Daily Fibonacci 61.8% 130.66
Daily Pivot Point S1 130.6
Daily Pivot Point S2 130.26
Daily Pivot Point S3 130.06
Daily Pivot Point R1 131.13
Daily Pivot Point R2 131.33
Daily Pivot Point R3 131.67

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

AUD/USD maintained its bullish view near 0.6600

AUD/USD maintained its bullish view near 0.6600

AUD/USD approached the key hurdle at 0.6600 the figure against the backdrop of the continuation of the rebound from last week’s yearly lows around the 0.6440 zone.

AUD/USD News

EUR/USD now retargets the 1.0900 barrier

EUR/USD now retargets the 1.0900 barrier

EUR/USD printed humble gains around the 1.0820 zone following an unsuccessful attempt to revisit or surpass the 1.0900 mark earlier in the session, always amidst further indecisive price action in the Greenback.

EUR/USD News

Gold challenging the $2,020 mark

Gold challenging the $2,020 mark

Spot Gold eased from a fresh multi-week high of $2,034.86. The US Dollar edged sharply lower during Asian trading hours and remained on the back foot through most of the European session but turned higher ahead of Wall Street’s opening. 

Gold News

Bitcoin price breakdown possible as European Central Bank says BTC fair value is still zero

Bitcoin price breakdown possible as European Central Bank says BTC fair value is still zero

Bitcoin price’s horizontal consolidation continues to extend, but the support level is wearing thin as the days go by. As the current state of uncertainty continues, it is imperative to remember that markets tend not to wait so long.

Read more

Big tech rises on a promising AI future

Big tech rises on a promising AI future

The S&P 500 surged to an all-time high on Thursday following Nvidia's much stronger-than-expected quarterly results, which buoyed the broader tech sector. Nvidia's stock soared more than 14.5% to reach an all-time high after the company reported a remarkable 265% year-over-year increase in total revenue.

Read more

Forex MAJORS

Cryptocurrencies

Signatures