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EURJPY Price Analysis: Recovery faces first hurdle around 147.00

  • EURJPY erases some of the sharp pullback to the area below 143.00.
  • If the bounce is higher, it could revisit the 147.00 area.

EURJPY manages to attract some after the drop and attempts a sharp rebound to the vicinity of the 145.00 barrier on Monday.

If the corrective bounce gains strength, the cross should face initial resistance at the November high of 147.11 (Nov 9). Breaking above this level could open the door for a more significant move towards the 2022 high at 148.40 (Oct 21).

In the longer term, as long as it is above the key 200 SMA at 138.14, the constructive outlook is expected to hold.

EURJPY day chart


last price today 144.51
Today I change daily 138
Today’s daily variation in % 0.61
Daily opening today 143.63
daily SMA20 146.24
daily SMA50 143.84
daily SMA100 141.15
daily SMA200 138.12
Previous daily high 145.03
Previous Daily Low 142.56
Previous Weekly High 147.11
Previous Weekly Low 142.56
Previous Monthly High 148.4
Previous Monthly Low 140.9
Daily Fibonacci of 38.2% 143.51
Daily Fibonacci of 61.8% 144.09
Daily Pivot Point S1 142.45
Daily Pivot Point S2 141.27
Daily Pivot Point S3 139.98
Daily Pivot Point R1 144.92
Daily Pivot Point R2 146.21
Daily Pivot Point R3 147.39

Source: Fx Street

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