- EUR/JPY is under pressure shortly after hitting the 140.00 area.
- More raises could put 142.32 back on the radar.
EUR/JPY pulls back from recent highs reached in the 140.00 area on Thursday.
Gains from the cross could accelerate once it breaks above the 140.00 zone. Beyond this zone, another test of 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 SMA at 134.42, the outlook for the cross should remain constructive.
EUR/JPY day chart
|Last Price Today||139.42|
|Today’s Daily Change||-0.29|
|Today’s Daily Change %||-0.21|
|Today’s Daily Opening||139.71|
|20 Daily SMA||137.23|
|50 Daily SMA||138.57|
|100 Daily SMA||138.36|
|200 Daily SMA||134.41|
|Previous Daily High||139.73|
|Previous Daily Minimum||138.27|
|Previous Maximum Weekly||137.97|
|Previous Weekly Minimum||135.52|
|Monthly Prior Maximum||139.73|
|Previous Monthly Minimum||133.4|
|Daily Fibonacci 38.2%||139.17|
|Daily Fibonacci 61.8%||138.83|
|Daily Pivot Point S1||138.74|
|Daily Pivot Point S2||137.77|
|Daily Pivot Point S3||137.28|
|Daily Pivot Point R1||140.2|
|Daily Pivot Point R2||140.7|
|Daily Pivot Point R3||141.66|
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.