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  • EUR/JPY is reverting yesterday’s pullback and is now targeting the 129.00 neighbourhood, all amidst a renewed sentiment favouring the risk-associated universe.
  • Further north of 129.00 (base of the daily cloud) emerges an important band of resistance where sit the 21-day SMA (129.17), 100-day SMA (129.45) and 55-day SMA (129.74).
  • Only above this area of resistance the cross could start to re-think the possibility of another visit to the key 200-day SMA at 130.36 ahead of September’s tops beyond 133.00 the figure.

EUR/JPY daily chart

















       Last Price:  128.65
       Daily change:  90  pips
       Daily change:  0.705%
       Daily Open:  127.75
       Daily SMA20:  129.18
       Daily SMA50:  129.96
       Daily SMA100:  129.44
       Daily SMA200:  130.45
       Daily High:  128.56
       Daily Low:  127.66
       Weekly High:  130.22
       Weekly Low:  126.63
       Monthly High:  132.49
       Monthly Low:  126.63
       Daily Fibonacci 38.2%:  128
       Daily Fibonacci 61.8%:  128.22
       Daily Pivot Point S1:  127.42
       Daily Pivot Point S2:  127.08
       Daily Pivot Point S3:  126.51
       Daily Pivot Point R1:  128.33
       Daily Pivot Point R2:  128.9
       Daily Pivot Point R3:  129.24