- EUR/JPY leaves Tuesday’s small drop behind and returns to 143.00.
- Breakout of the consolidation theme faces resistance near 145.60.
He USD/JPY It advances remarkably and recovers the area beyond the 143.00 hurdle to touch new multi-session highs on Wednesday.
For now, the cross is above the key 200-day SMA near 141.80, and a sustainable break above this area should open the door for further gains on the near-term horizon. Looking ahead, the consolidation theme is expected to remain unchanged, while a more serious bounce should target monthly highs around 145.50.
In the meantime, further losses remain on the table while crosses trade below the 200-day SMA.
EUR/JPY daily chart
|Last price today||143.23|
|Today I change daily||148|
|today’s daily variation||0.92|
|today’s daily opening||141.93|
|previous daily high||142.15|
|previous daily low||141.05|
|Previous Weekly High||143.63|
|previous weekly low||138.83|
|Previous Monthly High||145.47|
|Previous monthly minimum||139.55|
|Fibonacci daily 38.2||141.47|
|Fibonacci 61.8% daily||141.73|
|Daily Pivot Point S1||141.27|
|Daily Pivot Point S2||140.6|
|Daily Pivot Point S3||140.16|
|Daily Pivot Point R1||142.37|
|Daily Pivot Point R2||142.82|
|Daily Pivot Point R3||143.48|
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.