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EUR/JPY Price Analysis: Peak Holds at 138.40

  • EUR/JPY appears to have entered a consolidation phase.
  • Immediately on the upside is the August high at 138.40.

EUR/JPY retraces Friday’s advance and resumes decline around the 137.00 area on Monday.

If the cross manages to break above the current range boundary, the so far August high at 138.39 (Aug 10) is expected to be back in the spotlight. Above the latter, EUR/JPY could attempt a move towards the 55-day simple moving average today at 139.36.

As long as it remains above the 200 SMA at 134.08, the outlook for the pair should remain constructive.

EUR/JPY day chart


Last Price Today 136.99
Today’s Daily Change -0.53
Today’s Daily Change % -0.39
Today’s Daily Opening 137.52
20 Daily SMA 137.06
50 Daily SMA 139.2
100 Daily SMA 138.19
200 Daily SMA 134.08
Previous Daily High 137.96
Previous Daily Minimum 136.94
Previous Maximum Weekly 137.96
Previous Weekly Minimum 134.95
Monthly Prior Maximum 142.43
Previous Monthly Minimum 135.55
Daily Fibonacci 38.2% 137.57
Daily Fibonacci 61.8% 137.33
Daily Pivot Point S1 136.99
Daily Pivot Point S2 136.45
Daily Pivot Point S3 135.96
Daily Pivot Point R1 138.01
Daily Pivot Point R2 138.5
Daily Pivot Point R3 139.03

Source: Fx Street

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