- The cross is reverting part of yesterday’s advance, although it manages well to keep the trade above the 55-day SMA, today at 129.13.
- Extra gains need to surpass June’s peaks in the mid-130.00s ahead of late-August’s peaks in the boundaries of 130.90.
- In case the upside impulse persists, the 200-day SMA at 131.23 should be back to the radar ahead of July’s top just beyond 132.00 the figure.
EUR/JPY daily chart
Daily high: 129.86
Daily low: 129.29
Support Levels
S1: 128.87
S2: 128.03
S3: 127.47
Resistance Levels
R1: 130.28
R2: 130.84
R3: 131.68
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