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EUR/JPY Price Analysis: The next target on the upside is the 55-day SMA

  • EUR/JPY extends its recovery to 138.00 on Monday.
  • Further above, the intermediate 55-day SMA now emerges around 139.50.

The EUR/JPY still in recovery mode and already flirting with the 138.00 zone at the beginning of the week.

Given the ongoing price action, it seems likely that the cross will continue to rise for the time being. That said, the next temporary target is the 55-day SMA today at 139.54.

As long as it is above the 200-day SMA at 133.79, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart

Technical levels

EUR/JPY

Panorama
Last Price Today 137.52
Today’s Daily Change 0.02
Today’s Daily Change % 0.01
Today’s Daily Opening 137.5
Trends
20 Daily SMA 138.23
50 Daily SMA 139.89
100 Daily SMA 137.93
200 Daily SMA 133.8
levels
Previous Daily High 137.76
Previous Daily Minimum 135.8
Previous Maximum Weekly 137.76
Previous Weekly Minimum 133.4
Monthly Prior Maximum 142.43
Previous Monthly Minimum 135.55
Daily Fibonacci 38.2% 137.01
Daily Fibonacci 61.8% 136.55
Daily Pivot Point S1 136.28
Daily Pivot Point S2 135.06
Daily Pivot Point S3 134.32
Daily Pivot Point R1 138.24
Daily Pivot Point R2 138.98
Daily Pivot Point R3 140.2

Source: Fx Street

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