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  • 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