EUR/JPY Price Analysis: Interim hurdle emerges near 130.30

EUR/JPY extends the recovery for the third session in a row.
There is a minor resistance at the Fibo level near 130.30.

Pablo Piovano FXStreet

EUR/JPY adds to the recent gains and retakes the psychological 130.00 mark and a tad above on turnaround Tuesday.

Further upside in the cross is seen meeting the next interim hurdle at the Fibo level (of the June-August drop) at 130.29. The surpass of this area should open the door to another visit to monthly peaks around 130.70.

If sellers regain the upper hand, then the focus of attention should shift to the 200-day SMA, today at 129.51. The loss of this area should change the short-term outlook to neutral/bearish from constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	130.08
Today Daily Change	31
Today Daily Change %	0.13
Today daily open	129.91

Trends
Daily SMA20	129.56
Daily SMA50	129.76
Daily SMA100	131.12
Daily SMA200	129.54

Levels
Previous Daily High	130.03
Previous Daily Low	129.59
Previous Weekly High	130.7
Previous Weekly Low	129.67
Previous Monthly High	130.42
Previous Monthly Low	127.93
Daily Fibonacci 38.2%	129.76
Daily Fibonacci 61.8%	129.86
Daily Pivot Point S1	129.66
Daily Pivot Point S2	129.4
Daily Pivot Point S3	129.22
Daily Pivot Point R1	130.09
Daily Pivot Point R2	130.28
Daily Pivot Point R3	130.53

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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