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EUR/JPY Price Analysis: Gains remain capped around 151.00

  • EUR/JPY adds to Monday’s pullback and breaks 149.00.
  • Occasional bullish attempts should hit a tough barrier near 151.00.

He USD/JPY corrects further south and pulls back to the below 149.00 zone on Tuesday.

Should the bulls regain the initiative, there is an immediate hurdle at the monthly high so far at 150.19 (Jun 5). A convincing break above this level could put the weekly high at 151.07 (May 29) back on the radar before the 2023 high at 151.61 (May 2).

For now, the uptrend is favored as long as the cross trades above the 200-day SMA, today at 144.05.

EUR/JPY daily chart

USD/JPY

Overview
Last price today 149.04
Today I change daily 87
today’s daily variation -0.33
today’s daily opening 149.54
Trends
daily SMA20 149.1
daily SMA50 147.58
daily SMA100 144.94
daily SMA200 144.04
levels
previous daily high 150.2
previous daily low 149.23
Previous Weekly High 151.07
previous weekly low 148.59
Previous Monthly High 151.62
Previous monthly minimum 146.14
Fibonacci daily 38.2 149.6
Fibonacci 61.8% daily 149.83
Daily Pivot Point S1 149.12
Daily Pivot Point S2 148.69
Daily Pivot Point S3 148.15
Daily Pivot Point R1 150.08
Daily Pivot Point R2 150.62
Daily Pivot Point R3 151.05

Source: Fx Street

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