EUR/JPY Price Analysis: Next on the upside comes in 131.08


  • EUR/JPY clinches new tops past the 130.00 yardstick.
  • Further up emerges the next target just above 131.00.

EUR/JPY now navigates new multi-day highs in the 130.50 region on Thursday.

If the buying pressure gathers extra steam, then there is an interim hurdle at the Fibo level at 130.67. A surpass of this level should put the weekly top at 131.08 back on the radar (July 13). Above this area, the selling pressure is expected to subside.

In the meantime, while above the 200-day SMA at 128.56, the outlook for EUR/JPY is expected to remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 130.41
Today Daily Change 60
Today Daily Change % 0.18
Today daily open 130.18
 
Trends
Daily SMA20 130.37
Daily SMA50 131.84
Daily SMA100 131.24
Daily SMA200 128.6
 
Levels
Previous Daily High 130.24
Previous Daily Low 129.63
Previous Weekly High 130.3
Previous Weekly Low 128.6
Previous Monthly High 134.13
Previous Monthly Low 130.04
Daily Fibonacci 38.2% 130
Daily Fibonacci 61.8% 129.86
Daily Pivot Point S1 129.79
Daily Pivot Point S2 129.4
Daily Pivot Point S3 129.18
Daily Pivot Point R1 130.41
Daily Pivot Point R2 130.63
Daily Pivot Point R3 131.02

 

 

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