EUR/JPY Price Analysis: Recovery now targets 133.00 and above

EUR/JPY extends the rebound well past the 132.00 mark.
Next on the upside comes in 133.00 ahead of YTD highs.

Pablo Piovano FXStreet

EUR/JPY adds to the weekly bounce and retakes the 132.00 yardstick and well above on Wednesday.

The recovery looks healthy and now looks to re-test the round level at 133.00 the figure in the short-term horizon. If cleared, there are no significant hurdle until the 2021 highs at 134.12 recorded on June 1.

In the broader picture, while above the 200-day SMA at 127.68 the broader outlook for the cross should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	132.62
Today Daily Change	65
Today Daily Change %	0.39
Today daily open	132.1

Trends
Daily SMA20	133.02
Daily SMA50	132.18
Daily SMA100	130.53
Daily SMA200	127.7

Levels
Previous Daily High	132.2
Previous Daily Low	131.22
Previous Weekly High	133.68
Previous Weekly Low	130.61
Previous Monthly High	134.06
Previous Monthly Low	130.98
Daily Fibonacci 38.2%	131.82
Daily Fibonacci 61.8%	131.59
Daily Pivot Point S1	131.48
Daily Pivot Point S2	130.86
Daily Pivot Point S3	130.5
Daily Pivot Point R1	132.45
Daily Pivot Point R2	132.81
Daily Pivot Point R3	133.43

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.