EUR/JPY Price Analysis: Weekly gains capped by 137.00 area

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  • EUR/JPY advances for the fourth session in a row on Friday.
  • Immediately on the upside comes the monthly high near 137.00.

The EUR/JPY extends its recovery for another session, pending the publication of key data in the United States.

Considering the ongoing price action, it seems likely that the cross will continue to rise for the time being. That said, the break of the monthly high at 136.92 (Aug 4) should open the door for a possible visit to the 100 and 55 SMAs at 137.88 and 139.50, respectively.

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As long as the cross remains above the 200 SMA at 133.75, the outlook is expected to remain constructive.

Technical levels


Last Price Today 136.26
Today’s Daily Change 0.10
Today’s Daily Change % 0.07
Today’s Daily Opening 136.16
20 Daily SMA 138.28
50 Daily SMA 139.87
100 Daily SMA 137.87
200 Daily SMA 133.77
Previous Daily High 136.92
Previous Daily Minimum 135.64
Previous Maximum Weekly 140.08
Previous Weekly Minimum 135.55
Monthly Prior Maximum 142.43
Previous Monthly Minimum 135.55
Daily Fibonacci 38.2% 136.43
Daily Fibonacci 61.8% 136.13
Daily Pivot Point S1 135.56
Daily Pivot Point S2 134.96
Daily Pivot Point S3 134.28
Daily Pivot Point R1 136.84
Daily Pivot Point R2 137.52
Daily Pivot Point R3 138.12

Source: Fx Street

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