- After testing lows in the 128.00 neighbourhood, EUR/JPY is now seeing a moderate bounce along with a better tone in the risk-associated complex in detriment of the safe haven currencies.
- Immediate target to the upside remains the key 55-day SMA at 129.12, coincident with late-July’s peaks.
- Further up, the 61.8% Fibo retracement of the July-August drop aligns at 129.29 ahead of the 100-day SMA, today ay 129.32.
EUR/JPY daily chart
Daily high: 128.88
Daily low: 127.86
Support Levels
S1: 127.80
S2: 127.36
S3: 126.69
Resistance Levels
R1: 128.91
R2: 129.57
R3: 130.01
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