- EUR/JPY regains some buying interest after Wednesday’s pullback.
- The rallies are expected to target the 144.00 area in the near term.
EUR/JPY partially reverses recent pullback and looks slightly bid above 143.00 on Thursday.
The continuation of the bounce from last week’s lows is holding up well despite Wednesday’s moves. Conversely, if the cross extends the break of the weekly high at 144.04 (Sep 20), it could go to test the 2022 high at 145.63 (Sep 12).
Meanwhile, if it remains above the key 200 SMA at 136.10, the constructive outlook for the cross should remain unchanged.
EUR/JPY day chart
|Last Price Today||142.94|
|Today’s Daily Change||-0.07|
|Today’s Daily Change %||-0.05|
|Today’s Daily Opening||143.01|
|20 Daily SMA||142.21|
|50 Daily SMA||139.45|
|100 Daily SMA||139.66|
|200 Daily SMA||136.07|
|Previous Daily High||144.09|
|Previous Daily Minimum||142.44|
|Previous Maximum Weekly||142.29|
|Previous Weekly Minimum||137.38|
|Monthly Prior Maximum||145.64|
|Previous Monthly Minimum||137.38|
|Daily Fibonacci 38.2%||143.07|
|Daily Fibonacci 61.8%||143.46|
|Daily Pivot Point S1||142.27|
|Daily Pivot Point S2||141.53|
|Daily Pivot Point S3||140.62|
|Daily Pivot Point R1||143.92|
|Daily Pivot Point R2||144.83|
|Daily Pivot Point R3||145.57|
Source: Fx Street