EUR/JPY Price Analysis: Next on the upside comes 131.75

  • EUR/JPY’s sharp recovery surpasses the 131.00 mark on Wednesday.
  • Further up comes the Fibo level at 131.75 ahead of 132.00.

EUR/JPY keeps pushing higher and now breaks above the key 131.00 barrier midweek.

The cross remains underpinned by the recent breakout of the key 200-day SMA and now shifts the attention to the next hurdle at 131.75, where a Fibo level of the June-August drop sits. The continuation of the move should target the round level at 132.00 the figure ahead of another Fibo level at 132.79.

In the broader scenario, while above the 200-day SMA at 129.83, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart


Today last price 131.28
Today Daily Change 47
Today Daily Change % 0.21
Today daily open 131.01
Daily SMA20 129.34
Daily SMA50 129.45
Daily SMA100 130.52
Daily SMA200 129.85
Previous Daily High 131.28
Previous Daily Low 130.74
Previous Weekly High 129.92
Previous Weekly Low 128.34
Previous Monthly High 130.74
Previous Monthly Low 127.93
Daily Fibonacci 38.2% 131.07
Daily Fibonacci 61.8% 130.95
Daily Pivot Point S1 130.74
Daily Pivot Point S2 130.48
Daily Pivot Point S3 130.21
Daily Pivot Point R1 131.27
Daily Pivot Point R2 131.54
Daily Pivot Point R3 131.8



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