• 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 price 140.6
Today Daily Change 135
Today Daily Change % 0.20
Today daily open 140.32
 
Trends
Daily SMA20 141.77
Daily SMA50 139.13
Daily SMA100 139.26
Daily SMA200 135.76
 
Levels
Previous Daily High 140.4
Previous Daily Low 138.06
Previous Weekly High 144.04
Previous Weekly Low 138.67
Previous Monthly High 139.73
Previous Monthly Low 133.4
Daily Fibonacci 38.2% 139.5
Daily Fibonacci 61.8% 138.95
Daily Pivot Point S1 138.78
Daily Pivot Point S2 137.25
Daily Pivot Point S3 136.45
Daily Pivot Point R1 141.12
Daily Pivot Point R2 141.93
Daily Pivot Point R3 143.46

 

 

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.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

AUD/USD holds gains around 0.6800 on upbeat China's Caixin PMI

AUD/USD holds gains around 0.6800 on upbeat China's Caixin PMI

AUD/USD is trading close to 0.6800, as traders digest an unexpected increase in the Chinese Caixin Manufacturing PMI. The US dollar is licking its wounds on dovish Fed's Powell and the China reopening optimism. 

AUDUSD News

EUR/USD bulls approach 1.0500 hurdle ahead of German Retail Sales, Fed’s preferred inflation data

EUR/USD bulls approach 1.0500 hurdle ahead of German Retail Sales, Fed’s preferred inflation data

EUR/USD stays on the front foot around 1.0435 while renewing its intraday top amid the broad-based US Dollar weakness during early Thursday. In doing so, the major currency pair extends the previous day’s run-up ahead of the key data from Eurozone and the United States.

EUR/USD News

Gold bulls eye $1,787 and $1,796 ahead of key US data

Gold bulls eye $1,787 and $1,796 ahead of key US data

Gold price is sitting at the highest level unseen in two weeks near $1,780, consolidating the three-day winning streak so far this Thursday. The main underlying reason behind the Gold price upsurge is a clear dovish message from Federal Reserve Chair Jerome Powell.

Gold News

TRON price faces major resistance at these levels, is a sucker's rally underway?

TRON price faces major resistance at these levels, is a sucker's rally underway?

TRON price (TRX) has retaliated considerably against the bearish onslaught witnessed in November. Despite the optimistic gesture, TRX price still faces significant barriers of resistance ahead. Traders should consider trading more conservatively near the current price levels.

Read more

December Santa rally springs alive

December Santa rally springs alive

U.S. stocks rose, hurtling ahead, putting those nasty thoughts of a bear market to bed as the December Santa Rally springs alive. Indeed investors are revelling in the afterglow of moderating Fed signals.

Read more

Forex MAJORS

Cryptocurrencies

Signatures