- EUR/JPY adds to Thursday’s bounce and approaches 138.00.
- Further gains seem likely if it closes above the 138.40 area.
The EUR/JPY it bounces further in the second half of the week and looks to retake the 138.00 barrier and higher in the short term.
The continuation of the bullish momentum is expected to find a temporary hurdle at the 100-day SMA at 138.09 before the August high at 138.39 (10 Aug). Breaking above this level should allow for further gains until the 55-day SMA at 139.63 initially.
As long as it is above the 200-day SMA at 133.90, the outlook for the cross is expected to remain constructive. This zone of contention also appears to be underpinned by the approach of the August low at 133.39 (Aug 2).
EUR/JPY daily chart
Technical levels
EUR/JPY
Panorama | |
---|---|
Last Price Today | 137.42 |
Today’s Daily Change | 0.16 |
Today’s Daily Change % | 0.12 |
Today’s Daily Opening | 137.26 |
Trends | |
---|---|
20 Daily SMA | 138.06 |
50 Daily SMA | 139.81 |
100 Daily SMA | 138.1 |
200 Daily SMA | 133.9 |
levels | |
---|---|
Previous Daily High | 137.4 |
Previous Daily Minimum | 136.3 |
Previous Maximum Weekly | 137.76 |
Previous Weekly Minimum | 133.4 |
Monthly Prior Maximum | 142.43 |
Previous Monthly Minimum | 135.55 |
Daily Fibonacci 38.2% | 136.98 |
Daily Fibonacci 61.8% | 136.72 |
Daily Pivot Point S1 | 136.57 |
Daily Pivot Point S2 | 135.89 |
Daily Pivot Point S3 | 135.48 |
Daily Pivot Point R1 | 137.67 |
Daily Pivot Point R2 | 138.08 |
Daily Pivot Point R3 | 138.77 |
Source: Fx Street

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