- EUR/JPY adds to Monday’s pullback, at the 136.00 barrier zone.
- Upside attempts remain capped by the August high at 138.40.
EUR/JPY continues the bearish start of the week, although it manages to bounce from the lows around 135.70.
If the cross manages to break above the ongoing consolidation, the August high at 138.39 (Aug 10) is expected to be back in the spotlight. Above the latter, EUR/JPY could attempt a move towards the 55-day simple moving average (SMA) today at 139.26.
As long as it remains above the 200-day SMA at 134.12, the outlook for the pair should remain constructive.
EUR/JPY day chart
|Last Price Today||136.4|
|Today’s Daily Change||-0.27|
|Today’s Daily Change %||-0.20|
|Today’s Daily Opening||136.67|
|20 Daily SMA||136.91|
|50 Daily SMA||139.14|
|100 Daily SMA||138.21|
|200 Daily SMA||134.12|
|Previous Daily High||137.95|
|Previous Daily Minimum||136.4|
|Previous Maximum Weekly||137.96|
|Previous Weekly Minimum||134.95|
|Monthly Prior Maximum||142.43|
|Previous Monthly Minimum||135.55|
|Daily Fibonacci 38.2%||136.99|
|Daily Fibonacci 61.8%||137.36|
|Daily Pivot Point S1||136.06|
|Daily Pivot Point S2||135.46|
|Daily Pivot Point S3||134.52|
|Daily Pivot Point R1||137.61|
|Daily Pivot Point R2||138.56|
|Daily Pivot Point R3||139.16|
Source: Fx Street
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