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Subas slow down in the area of ​​130.70, for the moment

  • The EUR / JPY regains some of the ground lost last Friday.
  • The resumption of the raises is targeted at 131.00 and beyond.

The strong rally of the EUR/JPY it seems to have faltered in the 130.70 / 75 band on Friday, the area coinciding with a Fibonacci level (from the January-June rally).

The crossing goes up on Monday and recovers something for the moment, managing to stay above the psychological hurdle of 130.00 for the moment. Intermediate resistance now appears at the last spikes past 130.70. An overrun of this area should put the 131.00 zone back on the radar. In this zone it converges with the July 13 peak and the 100-day simple moving average.

Above the 200-day SMA (129.38), the outlook for EUR / JPY is considered constructive.

EUR / JPY day chart

EUR/JPY

Panorama
Today’s Last Price 130.38
Today’s Daily Change 0.07
Today’s Daily Change% 0.05
Today’s Daily Opening 130.31
Trends
SMA of 20 Daily 129.32
SMA of 50 Daily 129.96
SMA of 100 Daily 131.13
200 SMA Daily 129.41
Levels
Daily Previous Maximum 130.74
Daily Previous Minimum 130.19
Weekly Preview Maximum 130.74
Weekly Prior Minimum 129.49
Monthly Previous Maximum 130.42
Minimum Previous Monthly 127.93
Daily Fibonacci 38.2% 130.4
Daily Fibonacci 61.8% 130.53
Daily Pivot Point S1 130.08
Daily Pivot Point S2 129.86
Daily Pivot Point S3 129.53
Daily Pivot Point R1 130.64
Daily Pivot Point R2 130.97
Daily Pivot Point R3 131.19

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