EUR/JPY Price Analysis: Interim hurdle aligns at 130.70

EUR/JPY keeps business near recent tops.
Further upside should meet a minor resistance at 130.67.

Pablo Piovano FXStreet

EUR/JPY resumes the upside and leaves behind Thursday’s small losses amidst inconclusive price action.

If the buying pressure gathers extra steam, then there is an interim hurdle at the Fibo level at 130.67. A surpass of this level should put the weekly top at 131.08 back on the radar (July 13). Above this area, the selling pressure is expected to subside.

In the meantime, while above the 200-day SMA at 128.59, the outlook for EUR/JPY is expected to remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	130.43
Today Daily Change	45
Today Daily Change %	0.21
Today daily open	130.16

Trends
Daily SMA20	130.27
Daily SMA50	131.78
Daily SMA100	131.25
Daily SMA200	128.63

Levels
Previous Daily High	130.57
Previous Daily Low	129.9
Previous Weekly High	130.3
Previous Weekly Low	128.6
Previous Monthly High	134.13
Previous Monthly Low	130.04
Daily Fibonacci 38.2%	130.15
Daily Fibonacci 61.8%	130.31
Daily Pivot Point S1	129.85
Daily Pivot Point S2	129.54
Daily Pivot Point S3	129.18
Daily Pivot Point R1	130.52
Daily Pivot Point R2	130.88
Daily Pivot Point R3	131.18

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.

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