EUR/JPY Price Analysis: Upside still capped by 130.20

EUR/JPY trades while not clear direction around 130.00. The 130.20 region still caps occasional optimistic attempts. EUR/JPY manages to reclaim the 130.00 neighbourhood following the sooner drop to the 129.70/65 band on Monday. additional rangebound seems within the pipeline, a minimum of in the terribly close to term. That said, the cross has to surpass recent peaks around 130.20 to permit for additional recovery. additional north comes in the weekly highs in the 131.00 zone (July 13). The proximity of the 100-day SMA (131.18) reinforces this hurdle. In addition, on the far side this space the draw back pressure is anticipated to subside. within the meantime, whereas on top of the 200-day SMA at 128.47, the outlook for EUR/JPY is anticipated to stay constructive. EUR/JPY daily chart EUR/JPY summary these days last value 130.05 these days Daily modification fifty these days Daily modification percent -0.02 these days daily open 130.08 TRENDS Daily SMA20 130.62 Daily SMA50 132.01 Daily SMA100 131.22 Daily SMA200 128.51 LEVELS Previous Daily High 130.18 Previous Daily Low 129.57 Previous Weekly High 130.3 Previous Weekly Low 128.6 Previous Monthly High 134.13 Previous Monthly Low 130.04 Daily Fibonacci 38.29.95 Daily Fibonacci 61.89.81 Daily Pivot purpose S1 129.7 Daily Pivot purpose S2 129.33 Daily Pivot purpose S3 129.09 Daily Pivot purpose R1 130.32 Daily Pivot purpose R2 130.56 Daily Pivot purpose R3 130.93

admin

Read Previous

Gold Price Forecast: XAU/USD needs to crack $1812 to unleash further upside – Confluence Detector.

Read Next

EUR/USD Price Analysis: Further downside likely below 1.1830

Leave a Reply

Your email address will not be published. Required fields are marked *