EUR/JPY Price Analysis: Upside still capped by 130.20

  • EUR/JPY trades without clear direction around 130.00.
  • The 130.20 region still caps occasional bullish attempts.

EUR/JPY manages to reclaim the 130.00 neighbourhood following the earlier drop to the 129.70/65 band on Monday.

Further rangebound appears in the pipeline, at least in the very near term. That said, the cross needs to surpass recent peaks around 130.20 to allow for extra recovery. Further north comes in the weekly highs in the 131.00 zone (July 13). The proximity of the 100-day SMA (131.18) reinforces this hurdle. In addition, beyond this area the downside pressure is expected to subside.

In the meantime, while above the 200-day SMA at 128.47, the outlook for EUR/JPY is expected to remain constructive.

EUR/JPY daily chart


Today last price 130.05
Today Daily Change 50
Today Daily Change % -0.02
Today daily open 130.08
Daily SMA20 130.62
Daily SMA50 132.01
Daily SMA100 131.22
Daily SMA200 128.51
Previous Daily High 130.18
Previous Daily Low 129.57
Previous Weekly High 130.3
Previous Weekly Low 128.6
Previous Monthly High 134.13
Previous Monthly Low 130.04
Daily Fibonacci 38.2% 129.95
Daily Fibonacci 61.8% 129.81
Daily Pivot Point S1 129.7
Daily Pivot Point S2 129.33
Daily Pivot Point S3 129.09
Daily Pivot Point R1 130.32
Daily Pivot Point R2 130.56
Daily Pivot Point R3 130.93



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