EUR/JPY Price Analysis: Rising bets for extra upside


  • EUR/JPY advances well past the 131.00 mark on Thursday.
  • Extra gains now seen testing 132.00 and beyond.

EUR/JPY extends the sharp recovery for yet another session and this time further north of the 131.00 hurdle.

The intense move higher in the cross has been exacerbated following the recent breakout of the key 200-day SMA and now targets the round level at 132.00 ahead of minor obstacles at the July 1 high at 132.43 and the June 23 high at 132.69, all prior to another Fibo level at 132.79.

In the broader scenario, while above the 200-day SMA at 129.85, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 131.61
Today Daily Change 58
Today Daily Change % 0.21
Today daily open 131.34
 
Trends
Daily SMA20 129.44
Daily SMA50 129.49
Daily SMA100 130.5
Daily SMA200 129.87
 
Levels
Previous Daily High 131.46
Previous Daily Low 130.88
Previous Weekly High 129.92
Previous Weekly Low 128.34
Previous Monthly High 130.74
Previous Monthly Low 127.93
Daily Fibonacci 38.2% 131.24
Daily Fibonacci 61.8% 131.11
Daily Pivot Point S1 130.99
Daily Pivot Point S2 130.65
Daily Pivot Point S3 130.41
Daily Pivot Point R1 131.57
Daily Pivot Point R2 131.81
Daily Pivot Point R3 132.15

 

 

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