- EUR/JPY resumes the upside following Friday’s pullback.
- Next on the upside comes in the YTD tops above 132.00.
EUR/JPY manages to reclaim ground lost following Friday’s moderate retracement.
Current price action suggests further upside remain well on the cards in the near-term, with the immediate target at the recent peaks near 132.40 recorded on April 28.
This view is bolstered by the immediate support line near 130.00, area coincident with the 50-day SMA.
In the meantime, while above the 200-day SMA at 126.30 the broader outlook for the cross should remain constructive.
EUR/JPY daily chart
|Today last price||131.73|
|Today Daily Change||74|
|Today Daily Change %||0.23|
|Today daily open||131.43|
|Previous Daily High||132.19|
|Previous Daily Low||131.38|
|Previous Weekly High||132.37|
|Previous Weekly Low||130.21|
|Previous Monthly High||132.37|
|Previous Monthly Low||129.57|
|Daily Fibonacci 38.2%||131.69|
|Daily Fibonacci 61.8%||131.88|
|Daily Pivot Point S1||131.14|
|Daily Pivot Point S2||130.85|
|Daily Pivot Point S3||130.33|
|Daily Pivot Point R1||131.95|
|Daily Pivot Point R2||132.48|
|Daily Pivot Point R3||132.76|
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