EUR/JPY Price Analysis: Weekly gains capped around 137.00

EUR/JPY advances for the fourth session in a row on Friday.
Immediately to the upside emerges the monthly high near 137.00.

Pablo Piovano FXStreet

EUR/JPY extends the recovery for yet another session ahead of key US data releases.

Considering the ongoing price action, further upside in the cross appears likely for the time being. That said, the breakout of the monthly peak at 136.92 (August 4) should open the door to a potential visit to the 100- and 55-day SMAs at 137.88 and 139.50, respectively.

While above the 200-day SMA at 133.75, the outlook for the cross is expected to remain constructive.

EUR/JPY

Overview
Today last price	136.26
Today Daily Change	75
Today Daily Change %	0.07
Today daily open	136.16

Trends
Daily SMA20	138.28
Daily SMA50	139.87
Daily SMA100	137.87
Daily SMA200	133.77

Levels
Previous Daily High	136.92
Previous Daily Low	135.64
Previous Weekly High	140.08
Previous Weekly Low	135.55
Previous Monthly High	142.43
Previous Monthly Low	135.55
Daily Fibonacci 38.2%	136.43
Daily Fibonacci 61.8%	136.13
Daily Pivot Point S1	135.56
Daily Pivot Point S2	134.96
Daily Pivot Point S3	134.28
Daily Pivot Point R1	136.84
Daily Pivot Point R2	137.52
Daily Pivot Point R3	138.12

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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