- EUR/JPY corrects lower after briefly breaking above 144.00.
- Further rallies are expected to challenge the high of recent years beyond 145.00.
EUR/JPY is under pressure after five consecutive daily gains on Wednesday, including a test of the key resistance zone around 144.00.
The continuation of the bounce from last week’s lows remains good for now. That said, if the cross extends the break of the weekly high at 144.04 (Sep 20), it could then challenge the 2022 high at 145.63 (Sep 12).
Meanwhile, should it continue above the key 200 SMA at 136.04, the constructive outlook for the cross should remain unchanged.
EUR/JPY day chart
|Last Price Today||143.21|
|Today’s Daily Change||-0.74|
|Today’s Daily Change %||-0.51|
|Today’s Daily Opening||143.95|
|20 Daily SMA||142.25|
|50 Daily SMA||139.37|
|100 Daily SMA||139.57|
|200 Daily SMA||136.01|
|Previous Daily High||144.08|
|Previous Daily Minimum||141.99|
|Previous Maximum Weekly||142.29|
|Previous Weekly Minimum||137.38|
|Monthly Prior Maximum||145.64|
|Previous Monthly Minimum||137.38|
|Daily Fibonacci 38.2%||143.28|
|Daily Fibonacci 61.8%||142.79|
|Daily Pivot Point S1||142.6|
|Daily Pivot Point S2||141.25|
|Daily Pivot Point S3||140.51|
|Daily Pivot Point R1||144.69|
|Daily Pivot Point R2||145.43|
|Daily Pivot Point R3||146.78|
Source: Fx Street