- EUR/JPY pulls back three straight daily reversals on Friday.
- The next level up is the weekly high above 146.13.
EUR/JPY bounces off weekly lows and regains some composure above the 145.00 barrier by the end of the week.
Considering the ongoing bounce, the cross is now facing intermediate resistance at the weekly high of 146.13 (23 Nov). A break above the latter exposes a potential move towards the November highs beyond the 147.00 level.
Longer-term, as long as it is above the key 200-day SMA at 138.76, the positive outlook is expected to hold.
EUR/JPY day chart
|Last price today||145.03|
|Today I change daily||104|
|Today’s daily change in %||0.55|
|today’s daily opening||144.24|
|previous daily high||145.27|
|previous daily low||143.65|
|Previous Weekly High||145.55|
|previous weekly low||143.35|
|Previous Monthly High||148.4|
|Previous monthly minimum||140.9|
|Daily Fibonacci of 38.2%||144.27|
|Daily Fibonacci of 61.8%||144.65|
|Daily Pivot Point S1||143.51|
|Daily Pivot Point S2||142.77|
|Daily Pivot Point S3||141.89|
|Daily Pivot Point R1||145.12|
|Daily Pivot Point R2||146.01|
|Daily Pivot Point R3||146.74|
Source: Fx Street
I am a writer for World Stock Market. I have been working in finance for over 7-8 years, and I have experience with a variety of financial instruments. My work has taken me to Japan, China, Europe, and the United States. I speak Japanese and Chinese fluently.