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EUR/JPY Price Analysis: More consolidation expected in the short term

  • The EUR/JPY pair is trading within a tight range around 157.50.
  • At the moment, the cross is facing increased sideways trading.

The pair EUR/JPY sails within a tight range above 157.00 at the beginning of the week.

Meanwhile, the cross continues to face a consolidation range. Against this, a small hurdle emerges at the monthly high reached so far at 158.65 (September 13), ahead of the 2023 high at 159.76 (August 30), which precedes the key round level at 160.00. Breaking through the latter should not lead to any resistance levels worth mentioning until the 2008 high at 169.96 (July 23).

For now, the positive long-term outlook for the cross seems favored as long as it remains above the 200-day SMA, today at 148.77.


Latest price today 157.44
Today Daily Change 43
Today’s daily variation -0.09
Today’s daily opening 157.58
daily SMA20 158.11
daily SMA50 157.22
SMA100 daily 154.49
SMA200 daily 148.75
Previous daily high 157.9
Previous daily low 156.72
Previous weekly high 158.66
Previous weekly low 156.58
Previous Monthly High 159.76
Previous monthly low 155.53
Daily Fibonacci 38.2 157.45
Fibonacci 61.8% daily 157.17
Daily Pivot Point S1 156.9
Daily Pivot Point S2 156.22
Daily Pivot Point S3 155.73
Daily Pivot Point R1 158.08
Daily Pivot Point R2 158.58
Daily Pivot Point R3 159.26

Source: Fx Street

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