EUR/JPY Price Analysis: More upside remains on the cards in the near term

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  • EUR/JPY extends gains above 137.00.
  • Immediately on the upside is the August high at 138.40.

EUR/JPY extends Tuesday’s gains and recovers the 137.00 zone and beyond on Wednesday.

Should the recovery turn more serious, then the cross should meet the next barrier at the 100-day simple moving average at 138.10, before the more relevant August high at 138.39 (Aug 10).

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As long as it is above the 200 SMA today at 133.98, the outlook for the pair should remain constructive.

EUR/JPY day chart

EUR/JPY

Panorama
Last Price Today 137.33
Today’s Daily Change 0.84
Today’s Daily Change % 0.62
Today’s Daily Opening 136.49
Trends
20 Daily SMA 137.46
50 Daily SMA 139.52
100 Daily SMA 138.12
200 Daily SMA 133.98
levels
Previous Daily High 136.92
Previous Daily Minimum 134.95
Previous Maximum Weekly 138.4
Previous Weekly Minimum 136.3
Monthly Prior Maximum 142.43
Previous Monthly Minimum 135.55
Daily Fibonacci 38.2% 136.17
Daily Fibonacci 61.8% 135.7
Daily Pivot Point S1 135.32
Daily Pivot Point S2 134.15
Daily Pivot Point S3 133.35
Daily Pivot Point R1 137.29
Daily Pivot Point R2 138.09
Daily Pivot Point R3 139.26

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Source: Fx Street

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