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EUR/JPY Price Analysis: With room to continue trading within the range limits

  • 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
daily SMA20 142.99
daily SMA50 142.37
daily SMA100 142.56
daily SMA200 141.83
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

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