- EUR/JPY has moved higher and it has not only surpassed the 200-day SMA but also left behind July’s peak just above 132.00 the figure in the last couple of days.
- The quick upside has managed to regain the 133.00 handle and above, although some sellers have turned up soon afterwards.
- Immediate target is now April’s top in the mid-133.00s, while further upside should put YTD top at 137.53 (February 2) back on the radar.
- The proximity of the overbought level cold prompt some selling pressure in the very near term, although solid contention is located at the short-term support line, today at 129.41.
EUR/JPY daily chart
Daily high: 133.14
Daily low: 132.36
Support Levels
S1: 131.44
S2: 130.36
S3: 129.80
Resistance Levels
R1: 133.07
R2: 133.62
R3: 134.70
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