EUR/JPY corrects further down and adds to the ongoing rejection from Tuesday’s 2023 peaks. Despite the ongoing decline, further upside appears in the
EUR/JPY comes to further downside pressure on Thursday. The corrective knee-jerk meets contention around 158.00. pipeline for the cross in the short-term horizon. Against that, the immediate hurdle emerges at the 2023 top at 159.91 closely followed by the round level at 160.00. So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 151.09. EUR/JPY daily chart EUR/JPY Overview Today last price 158.
08 Today daily open 158.64 Trends Daily SMA20 157.84 Daily SMA50 157.94 Daily SMA100 156.91 Daily SMA200 151.04 Levels Previous Daily High 159.08 Previous Daily Low 158.41 Previous Weekly High 158.93 Previous Weekly Low 157.06 Previous Monthly High 158.66 Previous Monthly Low 156.58 Daily Fibonacci 38.2% 158.66 Daily Fibonacci 61.8% 158.82 Daily Pivot Point S1 158.34 Daily Pivot Point S2 158.04 Daily Pivot Point S3 157.67 Daily Pivot Point R1 159.01 Daily Pivot Point R2 159.
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