- EUR/JPY regains some balance and approaches 144.00.
- The continuation of the bounce could see the yearly high revisited.
He USD/JPY manages to leave behind three consecutive sessions of losses and on Tuesday trades within a short distance of the 144.00 zone.
A further recovery of the cross is expected to find the next major hurdle at the 2023 YTD high at 145.56 (March 2). Breaking above this latter level exposes a probable move towards the December 2022 high at 146.72 (Dec 15).
As long as it holds above the 200-day SMA at 141.79, the outlook for the cross is expected to remain positive.
EUR/JPY Daily Chart
|Last Price Today||143.86|
|Today’s Daily Change||0.93|
|Today’s Daily Change %||0.65|
|Today’s Daily Open||142.93|
|20 Daily SMA||143.88|
|SMA of 50 Daily||142.01|
|SMA of 100 Daily||143.06|
|SMA of 200 Daily||141.81|
|Previous Daily High||144.39|
|Minimum Previous Daily||141.37|
|Previous Weekly High||145.44|
|Previous Weekly Minimum||143.35|
|Maximum Prior Monthly||145.47|
|Minimum Prior Monthly||139.55|
|Daily Fibonacci 38.2%||142.52|
|Daily Fibonacci 61.8%||143.24|
|Daily Pivot Point S1||141.4|
|Daily Pivot Point S2||139.87|
|Daily Pivot Point S3||138.38|
|Daily Pivot Point R1||144.43|
|Daily Pivot Point R2||145.92|
|Daily Pivot Point R3||147.45|
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.