EUR/JPY Price Analysis: Immediately to the upside comes 131.15
- EUR/JPY corrects lower following Friday’s top at around 131.00.
- There is an interim hurdle at the Fibo level at 131.15.
EUR / JPY price rise; EUR/JPY is partially fading Friday’s strong advance after faltering once again around the 131.00 neighborhood on Monday.
The recent breakout of the critical 200-day SMA (130.50) should prop up extra gains in the cross over the short-term horizon. Bulls now face the next minor barrier at the Fibo level (of the October-December drop) at 131.15. Further north is seen at the 131.41 level (November 10) ahead of another Fibo level at 132.17.
While above the 200-day SMA, the outlook for EUR/JPY should point to extra gains.
EUR / JPY price rise: EUR/JPY daily chart
EUR/JPY
| OVERVIEW | |
|---|---|
| Today last price | 130.72 |
| Today Daily Change | 45 |
| Today Daily Change % | -0.16 |
| Today daily open | 130.93 |
| TRENDS | |
|---|---|
| Daily SMA20 | 129 |
| Daily SMA50 | 129.72 |
| Daily SMA100 | 129.81 |
| Daily SMA200 | 130.54 |
| LEVELS | |
|---|---|
| Previous Daily High | 131.04 |
| Previous Daily Low | 130.16 |
| Previous Weekly High | 131.04 |
| Previous Weekly Low | 129.54 |
| Previous Monthly High | 131.04 |
| Previous Monthly Low | 127.38 |
| Daily Fibonacci 38.2% | 130.71 |
| Daily Fibonacci 61.8% | 130.5 |
| Daily Pivot Point S1 | 130.38 |
| Daily Pivot Point S2 | 129.83 |
| Daily Pivot Point S3 | 129.5 |
| Daily Pivot Point R1 | 131.26 |
| Daily Pivot Point R2 | 131.6 |
| Daily Pivot Point R3 | 132.15 |
