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EUR/JPY Price Analysis: A visit to 140.00 seems likely

  • EUR/JPY extends the uptrend and challenges the 139.00 mark.
  • The next move up is the key round level of 140.00.

The EUR/JPY advances for the third session in a row and touches multi-week highs near 139.00 at the same time.

The continuation of the uptrend has the focus now on the key 140.00 level. Beyond the latter, the cross could attempt another test of the weekly high at 142.32 (July 21).

As long as it is above the 200-day SMA at 134.15, the outlook for the pair should remain constructive.

daily chart

Technical levels


Last Price Today 138.64
Today’s Daily Change -0.08
Today’s Daily Change % -0.06
Today’s Daily Opening 138.72
20 Daily SMA 136.87
50 Daily SMA 138.76
100 Daily SMA 138.29
200 Daily SMA 134.31
Previous Daily High 138.98
Previous Daily Minimum 137.04
Previous Maximum Weekly 137.97
Previous Weekly Minimum 135.52
Monthly Prior Maximum 142.43
Previous Monthly Minimum 135.55
Daily Fibonacci 38.2% 138.24
Daily Fibonacci 61.8% 137.78
Daily Pivot Point S1 137.51
Daily Pivot Point S2 136.31
Daily Pivot Point S3 135.57
Daily Pivot Point R1 139.45
Daily Pivot Point R2 140.18
Daily Pivot Point R3 141.39

Source: Fx Street

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