• EUR/JPY manages to resume the upside after Thursday’s drop.
  • The cross faces the next target at 131.60 ahead of 132.17.

EUR/JPY regains upside traction and recovers ground lost after Thursday’s noticeable retracement.

Further gains remain on the cards for the time being if the cross surpasses the so far YTD high at 131.60 (January 5). Once cleared, the next hurdle is seen at the Fibo level (of the October-December drop) at 132.17.

While above the 200-day SMA, today at 130.52, the outlook for EUR/JPY should point to extra gains.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 130.91
Today Daily Change 36
Today Daily Change % 0.03
Today daily open 130.87
 
Trends
Daily SMA20 129.53
Daily SMA50 129.61
Daily SMA100 129.91
Daily SMA200 130.56
 
Levels
Previous Daily High 131.43
Previous Daily Low 130.64
Previous Weekly High 131.04
Previous Weekly Low 129.54
Previous Monthly High 131.04
Previous Monthly Low 127.38
Daily Fibonacci 38.2% 130.94
Daily Fibonacci 61.8% 131.13
Daily Pivot Point S1 130.53
Daily Pivot Point S2 130.19
Daily Pivot Point S3 129.74
Daily Pivot Point R1 131.32
Daily Pivot Point R2 131.77
Daily Pivot Point R3 132.11

 

 

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