- EUR/JPY keeps the erratic performance well in place on Tuesday.
- Further range bound trade seems the name of the game.
EUR/JPY fades part of the auspicious start of the week and probes the 141.00 neighbourhood on Tuesday.
The cross keeps hovering around the key 200-day SMA near 141.80, and a sustainable surpass of this region should open the door to further upside in the short-term horizon. Moving forward, the consolidation theme is expected to remain unchanged as long as the March peaks around 145.50 continue to cap the upside.
In the meantime, extra losses remain on the table while the cross trades below the 200-day SMA.
EUR/JPY daily chart
|Today last price||141.76|
|Today Daily Change||111|
|Today Daily Change %||-0.20|
|Today daily open||142.05|
|Previous Daily High||142.22|
|Previous Daily Low||140.57|
|Previous Weekly High||143.63|
|Previous Weekly Low||138.83|
|Previous Monthly High||145.47|
|Previous Monthly Low||139.55|
|Daily Fibonacci 38.2%||141.59|
|Daily Fibonacci 61.8%||141.2|
|Daily Pivot Point S1||141.01|
|Daily Pivot Point S2||139.96|
|Daily Pivot Point S3||139.36|
|Daily Pivot Point R1||142.66|
|Daily Pivot Point R2||143.27|
|Daily Pivot Point R3||144.31|
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