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.

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


Today last price 130.08
Today Daily Change 31
Today Daily Change % 0.13
Today daily open 129.91
Daily SMA20 129.56
Daily SMA50 129.76
Daily SMA100 131.12
Daily SMA200 129.54
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



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