EUR/JPY Technical Analysis: Door open for a test of 132.00 and above
|- EUR/JPY keeps trading on a positive note on Wednesday, extending the rally beyond 131.00 the figure and at the same time re-taking the key 200-day SMA.
- The continuation of the bull run should allow for a test of July’s top just beyond the 132.00 milestone ahead of April’s high in the mid-133.00s.
- In addition, the cross remains constructive as long as the short-term support line, today at 129.03, holds.
EUR/JPY daily chart
Daily high: 131.70
Daily low: 130.91
Support Levels
S1: 130.42
S2: 129.75
S3: 129.21
Resistance Levels
R1: 131.64
R2: 132.18
R3: 132.85
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.