EUR/JPY Price Analysis: Decent support emerging around the 200-day moving average

  • EUR/JPY extends Tuesday’s bounce from the 133.40 area.
  • The 200-day moving average, located near 133.70, maintains the downward trend so far.

EUR/JPY extends the rebound to the limits of 136.00 after bottoming near the 200-day simple moving average on Tuesday (133.71).

At the moment, the cross looks set to move higher, with intermediate hurdles at the 100 and 55-day simple moving average at 137.78 and 139.45, respectively.

As long as it is above the 200 SMA, the outlook for the cross is expected to remain constructive.

EUR/JPY day chart

EUR/JPY

Panorama
Last Price Today 135.75
Today’s Daily Change 0.32
Today’s Daily Change % 0.24
Today’s Daily Opening 135.43
Trends
20 Daily SMA 138.5
50 Daily SMA 139.87
100 Daily SMA 137.78
200 Daily SMA 133.73
levels
Previous Daily High 135.43
Previous Daily Minimum 133.4
Previous Maximum Weekly 140.08
Previous Weekly Minimum 135.55
Monthly Prior Maximum 142.43
Previous Monthly Minimum 135.55
Daily Fibonacci 38.2% 134.65
Daily Fibonacci 61.8% 134.17
Daily Pivot Point S1 134.07
Daily Pivot Point S2 132.72
Daily Pivot Point S3 132.04
Daily Pivot Point R1 136.1
Daily Pivot Point R2 136.78
Daily Pivot Point R3 138.13

Source: Fx Street

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