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EUR/JPY Price Analysis: Remains range-bound

  • The EUR/JPY resumes its upward path after two sessions of losses.
  • Further consolidation in the short term should not be ruled out.

He USD/JPY reverses two consecutive daily declines after briefly falling to the 157.00 area, where the provisional 55-day SMA is also located.

Meanwhile, the cross seems willing to maintain the consolidative mood in the very short term in the face of the possible resumption of the upward trend. That said, the immediate hurdle lies at the recent 2023 high at 159.76 (Aug 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 positive long-term outlook for the cross seems favored as long as it remains above the 200-day SMA, today at 148.35.

EUR/JPY daily chart


Latest price today 157.81
Today I change daily 99
Today’s daily variation 0.16
Today’s daily opening 157.56
daily SMA20 158.38
daily SMA50 157.13
SMA100 daily 153.91
SMA200 daily 148.31
Previous daily high 158.52
Previous daily low 157.36
Previous weekly high 159.76
Previous weekly low 157.06
Previous Monthly High 159.76
Previous monthly low 155.53
Daily Fibonacci 38.2 157.81
Fibonacci 61.8% daily 158.08
Daily Pivot Point S1 157.11
Daily Pivot Point S2 156.65
Daily Pivot Point S3 155.94
Daily Pivot Point R1 158.27
Daily Pivot Point R2 158.98
Daily Pivot Point R3 159.43

Source: Fx Street

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