EUR/JPY Price Analysis: Tentative Support Appears at 138.00

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  • EUR/JPY adds to gains on Monday, past the 139.00 barrier.
  • Immediately to the upside is now the 200 day SMA.

EUR/JPY advances for the second session in a row and extends the break of the 138.00 area on Tuesday.

Last week’s sharp pullback seems to have found quite solid support at the 138.00 area for now. The subsequent bounce looks healthy and initially targets the key 200 day SMA today at 140.70.

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The outlook for EUR/JPY should remain negative as long as it holds below the 200-day SMA.

EUR/JPY day chart


Last price today 139.47
Today I change daily 77
today’s daily variation 0.27
today’s daily opening 139.09
daily SMA20 140.65
daily SMA50 142.91
daily SMA100 143.14
daily SMA200 140.72
previous daily high 139.3
previous daily low 138.24
Previous Weekly High 142.86
previous weekly low 138.01
Previous Monthly High 146.73
Previous monthly minimum 138.8
Fibonacci daily 38.2 138.89
Fibonacci 61.8% daily 138.64
Daily Pivot Point S1 138.45
Daily Pivot Point S2 137.81
Daily Pivot Point S3 137.39
Daily Pivot Point R1 139.52
Daily Pivot Point R2 139.94
Daily Pivot Point R3 140.58

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Source: Fx Street

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