- EUR/JPY sees its rebound halted after a retest at 142.00.
- More rises would shift the focus to the 143.00 area.
EUR/JPY gives back some of the strong advance of the past two days and returns to negative territory on Tuesday.
A sustainable break of the 200-day SMA at 140.77 today should shift the outlook to a more constructive one and open the door for a probable visit to the key resistance zone near 143.00 on the near-term horizon. (highs of December 28 and January 11).
To the downside, the 138.00 region still shapes up as a decent containment zone at the moment.
EUR/JPY day chart
|Last price today||141.52|
|Today I change daily||82|
|today’s daily variation||-0.37|
|today’s daily opening||142.04|
|previous daily high||142.08|
|previous daily low||140.47|
|Previous Weekly High||141.69|
|previous weekly low||137.92|
|Previous Monthly High||146.73|
|Previous monthly minimum||138.8|
|Fibonacci daily 38.2||141.47|
|Fibonacci 61.8% daily||141.09|
|Daily Pivot Point S1||140.98|
|Daily Pivot Point S2||139.92|
|Daily Pivot Point S3||139.37|
|Daily Pivot Point R1||142.59|
|Daily Pivot Point R2||143.14|
|Daily Pivot Point R3||144.2|
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.