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EUR/JPY Price Analysis: No change in short-term bullish bias

  • EUR/JPY is under pressure after fresh 2023 highs.
  • The next upside barrier remains at the key round level of 160.00.

He USD/JPY reverses a five-day positive streak and breaks below the 159.00 support on Thursday.

Continuation of the uptrend could see the cross challenge the recent 2023 high near 159.76 (August 30) ahead of the key round level at 160.00. Breaking of the latter should not lead to any noteworthy resistance levels until the 2008 high at 169.96 (July 23).

For now, the long-term positive outlook for the cross looks favored as long as it remains above the 200-day SMA, today at 147.92.

EUR/JPY daily chart


Last price today 158.62
Today I change daily 132
today’s daily variation -0.71
today’s daily opening 159.75
daily SMA20 158.12
daily SMA50 157.03
daily SMA100 153.25
daily SMA200 147.88
previous daily high 159.76
previous daily low 158.45
Previous Weekly High 159.49
previous weekly low 156.87
Previous Monthly High 158.05
Previous monthly minimum 151.41
Fibonacci daily 38.2 159.26
Fibonacci 61.8% daily 158.95
Daily Pivot Point S1 158.88
Daily Pivot Point S2 158.01
Daily Pivot Point S3 157.57
Daily Pivot Point R1 160.19
Daily Pivot Point R2 160.63
Daily Pivot Point R3 161.5

Source: Fx Street

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