• The cross is prolonging the march higher today, adding to Thursday’s strong advance to the boundaries of 131.00 the figure on the back of the persistent improved tone in the risk-associated complex.
  • EUR/JPY is already flirting with the 200-day SMA near 131.15 and opens the door for the continuation of the up move to. Initially, July’s tops just beyond the 132.00 milestone.
  • If the upside impulse gathers extra steam, April’s top at 133.52 should emerge on the horizon.

EUR/JPY daily chart

 

 

 

 

 

 

Daily high: 131.13

Daily low: 130.70

Support Levels

S1: 129.74

S2: 128.63

S3: 128.01

Resistance Levels

R1: 131.48

R2: 132.10

R3: 133.21

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

EUR/USD recaptures 1.0500 ahead of German inflation, central bankers

EUR/USD recaptures 1.0500 ahead of German inflation, central bankers

EUR/USD is trading above 1.0500, as the US dollar surrenders early gains despite the risk-off market mood. The euro finds support from hawkish ECB commentary and upbeat EU sentiment data. Policy Panel at the ECB Forum awaited. 

EUR/USD News

GBP/USD drops to weekly lows near 1.2150 amid risk-aversion

GBP/USD drops to weekly lows near 1.2150 amid risk-aversion

GBP/USD is dropping towards 1.2150 amid risk-aversion and a broadly subdued US dollar. Investors remain wary amid looming recession and Brexit worries. Powell and Bailey are due to speak at the Policy Panel at the ECB Forum on Wednesday. 

GBP/USD News

Gold hits two-week low, near $1,815 ahead of central bank speakers

Gold hits two-week low, near $1,815 ahead of central bank speakers

Gold prolonged this week's rejection slide from the very important 200-day SMA and edged lower for the third successive day on Wednesday. The downtick dragged spot prices to a nearly two-week low, around the $1,816-$1,815 region.

Gold News

Breaking: Bitcoin price at risk after dipping below $20,000

Breaking: Bitcoin price at risk after dipping below $20,000

 Bitcoin price has retraced nearly 10% over the past three days, going from a high of $22,020 on June 26th to recently hitting a low of $19,890.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Forex MAJORS

Cryptocurrencies

Signatures