- 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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