- EUR/JPY reverses Monday’s sharp pullback and regains 131.00.
- Next on the upside comes the YTD highs near 131.60.
EUR/JPY manages to regain the smile and reverses the deep pullback seen at the beginning of the year.
Further consolidation in the cross appears likely in light of the ongoing price action, always around the key 200-day SMA in the mid-130.00s. The breakout of this scheme should lift EUR/JPY to the 131.50/60 band, while the 130.00 neighbourhood is expected to hold the downside for now.
While below the 200-day SMA, today at 130.52, the near-term outlook for EUR/JPY should remain negative.
EUR/JPY daily chart
|Today last price||130.81|
|Today Daily Change||61|
|Today Daily Change %||0.21|
|Today daily open||130.54|
|Previous Daily High||131.37|
|Previous Daily Low||130.16|
|Previous Weekly High||131.6|
|Previous Weekly Low||130.02|
|Previous Monthly High||131.04|
|Previous Monthly Low||127.38|
|Daily Fibonacci 38.2%||130.62|
|Daily Fibonacci 61.8%||130.91|
|Daily Pivot Point S1||130.01|
|Daily Pivot Point S2||129.48|
|Daily Pivot Point S3||128.8|
|Daily Pivot Point R1||131.22|
|Daily Pivot Point R2||131.9|
|Daily Pivot Point R3||132.43|
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