- 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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