EUR/JPY Technical Analysis: A test of July’s tops beyond 132.00 gains further traction

  • 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.