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EUR/JPY Price Analysis: Next hurdle comes at 144.04

  • EUR/JPY extends the recovery north of the 140.00 yardstick.
  • The continuation of the rebound targets the weekly high at 144.04.

EUR/JPY adds to Wednesday’s bounce and manages to advance to multi-day peaks near 140.70 on Thursday.

Considering the ongoing price action, further upside should not be ruled out. That said, if the bullish impulse gathers steam, the cross should meet the next up barrier at the weekly top at 144.04 (September 20).

Looking at the longer term, the constructive stance is expected to persist while above the 200-day SMA, today at 135.77.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price140.6
Today Daily Change135
Today Daily Change %0.20
Today daily open140.32
 
Trends
Daily SMA20141.77
Daily SMA50139.13
Daily SMA100139.26
Daily SMA200135.76
 
Levels
Previous Daily High140.4
Previous Daily Low138.06
Previous Weekly High144.04
Previous Weekly Low138.67
Previous Monthly High139.73
Previous Monthly Low133.4
Daily Fibonacci 38.2%139.5
Daily Fibonacci 61.8%138.95
Daily Pivot Point S1138.78
Daily Pivot Point S2137.25
Daily Pivot Point S3136.45
Daily Pivot Point R1141.12
Daily Pivot Point R2141.93
Daily Pivot Point R3143.46

Author

Pablo Piovano

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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