untitled design

EUR/JPY Price Analysis: Further recovery now points to the 55-day SMA

  • The EUR/JPY continues to give wings to the ongoing rebound and returns to 138.00.
  • If it continues to rise, the pair could retest the 55-day SMA near 138.90.

The EUR/JPY extends recent gains and recovers the area above the 138.00 area earlier in the week.

The continuation of the uptrend has an initial target of the August high at 138.39 (Aug 10) before hitting the temporary 55-day SMA today 138.89. Breaking above this level should shift attention to the weekly high at 142.32 (July 21).

As long as it is above the 200-day SMA at 134.27, the outlook for the pair should remain constructive.

EUR/JPY daily chart

EUR/JPY Levels


Last Price Today 138.04
Today’s Daily Change 0.92
Today’s Daily Change % 0.67
Today’s Daily Opening 137.12
20 Daily SMA 136.68
50 Daily SMA 138.83
100 Daily SMA 138.27
200 Daily SMA 134.26
Previous Daily High 137.97
Previous Daily Minimum 136.09
Previous Maximum Weekly 137.97
Previous Weekly Minimum 135.52
Monthly Prior Maximum 142.43
Previous Monthly Minimum 135.55
Daily Fibonacci 38.2% 137.25
Daily Fibonacci 61.8% 136.81
Daily Pivot Point S1 136.15
Daily Pivot Point S2 135.18
Daily Pivot Point S3 134.27
Daily Pivot Point R1 138.03
Daily Pivot Point R2 138.94
Daily Pivot Point R3 139.91

Source: Fx Street

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights


Most popular