- EUR/JPY adds to Friday’s small gains below 140.00.
- The next hurdle to watch is at the 142.30 area.
The EUR/JPY alternate gains with losses around 139.00 after bottoming out at early lows near 138.70 on Monday.
Further gains in the cross are now favored once it breaks past the recent high of 140.74 (Sept 2). Beyond this level, another visit to the weekly high at 142.32 (July 21) should reappear on the horizon before the 2022 high at 144.27 (June 28).
As long as it is above the 200-day SMA at 134.54, the outlook for the pair should remain constructive.
EUR/JPY daily chart
|Last Price Today||139.54|
|Today’s Daily Change||-0.04|
|Today’s Daily Change %||-0.03|
|Today’s Daily Opening||139.58|
|20 Daily SMA||137.5|
|50 Daily SMA||138.46|
|100 Daily SMA||138.42|
|200 Daily SMA||134.52|
|Previous Daily High||140.75|
|Previous Daily Minimum||139.26|
|Previous Maximum Weekly||140.75|
|Previous Weekly Minimum||137.04|
|Monthly Prior Maximum||139.73|
|Previous Monthly Minimum||133.4|
|Daily Fibonacci 38.2%||140.18|
|Daily Fibonacci 61.8%||139.83|
|Daily Pivot Point S1||138.98|
|Daily Pivot Point S2||138.37|
|Daily Pivot Point S3||137.48|
|Daily Pivot Point R1||140.47|
|Daily Pivot Point R2||141.36|
|Daily Pivot Point R3||141.96|
Source: Fx Street