- EUR/JPY has resumed the upside so far this week, managing to leave behind Friday’s retracement and advance to 4-week tops beyond 118.00 the figure.
- The continuation of the up move now targets the key 55-day SMA at 119.65 ahead of the short-term resistance line at 119.98.
- Above this area the selling pressure should mitigate and allow for a squeeze higher to 121.38 (high July 31).
EUR/JPY daily chart
|Today last price||118.48|
|Today Daily Change||39|
|Today Daily Change %||0.01|
|Today daily open||118.47|
|Previous Daily High||118.52|
|Previous Daily Low||117.74|
|Previous Weekly High||118.62|
|Previous Weekly Low||115.86|
|Previous Monthly High||120.72|
|Previous Monthly Low||116.57|
|Daily Fibonacci 38.2%||118.22|
|Daily Fibonacci 61.8%||118.04|
|Daily Pivot Point S1||117.96|
|Daily Pivot Point S2||117.46|
|Daily Pivot Point S3||117.17|
|Daily Pivot Point R1||118.75|
|Daily Pivot Point R2||119.03|
|Daily Pivot Point R3||119.54|
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