EUR/JPY Technical Analysis: Bullish attempts should face initial hurdle at the 200-day SMA at 130.75

EUR/JPY continues to trade in an erratic fashion so far this week, finding support in the 129.00 neighbourhood and with gains capped around the 200-day SMA, today at 130.75.
A surpass of the 200-day SMA should open the door for a potential visit to the 21-day SMA just above 131.00 the figure.
Further north, the cross needs to advance beyond the resistance line at 132.73 to allow for, initially, a test of September’s peaks beyond the 133.00 handle ahead of October 2017 tops in the mid-134.00s.
However, as long as the resistance line above 132.70 caps the upside, a resumption of the downtrend should not be ruled out.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview:
    Last Price: 129.66
    Daily change: -26 pips
    Daily change: -0.200%
    Daily Open: 129.92
Trends:
    Daily SMA20: 131.13
    Daily SMA50: 129.62
    Daily SMA100: 129.47
    Daily SMA200: 130.81
Levels:
    Daily High: 130.32
    Daily Low: 129.41
    Weekly High: 131.26
    Weekly Low: 129.21
    Monthly High: 133.15
    Monthly Low: 129.21
    Daily Fibonacci 38.2%: 129.97
    Daily Fibonacci 61.8%: 129.76
    Daily Pivot Point S1: 129.45
    Daily Pivot Point S2: 128.98
    Daily Pivot Point S3: 128.55
    Daily Pivot Point R1: 130.36
    Daily Pivot Point R2: 130.79
    Daily Pivot Point R3: 131.26

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD looks apathetic around 1.1770

EUR/USD comes under renewed pressure on Tuesday, deflating below the 1.1800 support and reversing two consecutive days of gains. The pair’s decline follows the persistent move higher in the US Dollar, as trade uncertainty dominates the sentiment ahead of President Trump’s SOTU speech.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.