EURJPY Price Analysis: Further recovery looks likely

EURJPY climbs to so far weekly highs near 145.50 on Wednesday.
Extra upside could target the November peaks around 147.00.

Pablo Piovano FXStreet

EURJPY quickly fades Tuesday’s pullback and regains the 145.00 barrier and above, reaching fresh multi-session highs on Wednesday.

If the corrective bounce gathers extra steam, then the cross should face initial resistance at the so far November high at 147.11 (November 9). The surpass of this level could open the door to a more meaningful move to the 2022 peak at 148.40 (October 21).

In the longer run, while above the key 200-day SMA at 138.27, the constructive outlook is expected to remain unchanged.

EURJPY daily chart

EUR/JPY

Overview
Today last price	145.33
Today Daily Change	189
Today Daily Change %	0.85
Today daily open	144.1

Trends
Daily SMA20	145.97
Daily SMA50	143.98
Daily SMA100	141.16
Daily SMA200	138.25

Levels
Previous Daily High	145.36
Previous Daily Low	143.35
Previous Weekly High	147.11
Previous Weekly Low	142.56
Previous Monthly High	148.4
Previous Monthly Low	140.9
Daily Fibonacci 38.2%	144.12
Daily Fibonacci 61.8%	144.59
Daily Pivot Point S1	143.18
Daily Pivot Point S2	142.26
Daily Pivot Point S3	141.17
Daily Pivot Point R1	145.19
Daily Pivot Point R2	146.28
Daily Pivot Point R3	147.2

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.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.