Markets

EUR/JPY Price Analysis: Ranged, still constructive outlook

September 21, 2022
11:51 AM

EUR/JPY is under downward pressure and reaches levels below 142.00.
Next on the upside comes the 2022 high at 145.63.

EUR/JPY extends Tuesday’s losses and briefly breaks below the 142.00 midweek support.

The cross appears still within the confines of a range for several sessions so far. A break above this stance could open the door for a possible visit to the 2022 high at 145.63 (Sep 12).

Meanwhile, if it remains above the 200 SMA at 135.45, the outlook for EUR/JPY should remain constructive.

EUR/JPY day chart

EUR/JPY

Panorama
Last Price Today	142.77
Today’s Daily Change	-0.60
Today’s Daily Change %	-0.42
Today’s Daily Opening	143.37

Trends
20 Daily SMA	141.19
50 Daily SMA	139.13
100 Daily SMA	139.11
200 Daily SMA	135.42

levels
Previous Daily High	144.04
Previous Daily Minimum	143.02
Previous Maximum Weekly	145.64
Previous Weekly Minimum	142.3
Monthly Prior Maximum	139.73
Previous Monthly Minimum	133.4
Daily Fibonacci 38.2%	143.41
Daily Fibonacci 61.8%	143.65
Daily Pivot Point S1	142.91
Daily Pivot Point S2	142.46
Daily Pivot Point S3	141.89
Daily Pivot Point R1	143.93
Daily Pivot Point R2	144.5
Daily Pivot Point R3	144.95

Source: Fx Street

Flora

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