- 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
|Today last price||130.91|
|Today Daily Change||36|
|Today Daily Change %||0.03|
|Today daily open||130.87|
|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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