EUR/JPY Price Analysis: No changes to the consolidative theme


  • EUR/JPY adds to the weekly decline near the 157.00 support.
  • Next to the upside aligns the monthly high at 158.65.

EUR/JPY maintains the bearish mood so far this week and revisits the vicinity of the 157.00 neighbourhood on Wednesday.

In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a visit to the so far monthly high of 158.65 (September 13) prior to the 2023 top at 159.76 (August 30), which precedes the key round level at 160.00.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 149.26.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 157.24
Today Daily Change 48
Today Daily Change % -0.23
Today daily open 157.6
 
Trends
Daily SMA20 157.94
Daily SMA50 157.57
Daily SMA100 155.1
Daily SMA200 149.22
 
Levels
Previous Daily High 157.93
Previous Daily Low 157.32
Previous Weekly High 158.45
Previous Weekly Low 157.04
Previous Monthly High 159.76
Previous Monthly Low 155.53
Daily Fibonacci 38.2% 157.55
Daily Fibonacci 61.8% 157.69
Daily Pivot Point S1 157.3
Daily Pivot Point S2 157.01
Daily Pivot Point S3 156.7
Daily Pivot Point R1 157.91
Daily Pivot Point R2 158.22
Daily Pivot Point R3 158.51

 

 

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