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EUR/JPY Price Analysis: Consolidation break exposes 2023 high

  • EUR/JPY extends weekly uptrend beyond 158.00.
  • The next bullish level is the high of the year.

He EUR/JPY chained its third consecutive session of gains and managed to recover the 158.00 barrier and beyond on Tuesday.

Meanwhile, the cross continues to face a consolidation range. Against this, a small hurdle emerges at the monthly high reached so far at 158.65 (September 13), ahead of the 2023 high at 159.76 (August 30), which precedes the key round level at 160.00. Breaking through the latter should not lead to any resistance levels worth mentioning until the 2008 high at 169.96 (July 23).

For now, the positive long-term outlook for the cross seems favored as long as it remains above the 200-day SMA, today at 148.84.

EUR/JPY Daily Chart


Latest price today 158.08
Today I change daily 58
Today’s daily variation 0.16
Today’s daily opening 157.82
daily SMA20 158.03
daily SMA50 157.26
SMA100 daily 154.56
SMA200 daily 148.81
Previous daily high 157.94
Previous daily low 157.35
Previous weekly high 158.66
Previous weekly low 156.58
Previous Monthly High 159.76
Previous monthly low 155.53
Daily Fibonacci 38.2 157.71
Fibonacci 61.8% daily 157.57
Daily Pivot Point S1 157.46
Daily Pivot Point S2 157.11
Daily Pivot Point S3 156.87
Daily Pivot Point R1 158.05
Daily Pivot Point R2 158.29
Daily Pivot Point R3 158.64

Source: Fx Street

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