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  • The cross is prolonging the up move on the back of the improving sentiment in the riskier assets and is flirting with the base of the daily cloud.
  • EUR/JPY managed to regain the key 129.00 area and above. Further upside should meet a critical resistance at the 200-day SMA, today at 130.33. If cleared, the next up barrier emerges at the 130.88/131.15 band, where coincide peaks seen in later August/September.
  • A resumption of the offered bias should meet initial contention at 128.34, the 10-day SMA, ahead of monthly low at 126.62 (October 26).

EUR/JPY daily chart

















       Last Price:  129.21
       Daily change:  62  pips
       Daily change:  0.482%
       Daily Open:  128.59
       Daily SMA20:  129.05
       Daily SMA50:  129.96
       Daily SMA100:  129.44
       Daily SMA200:  130.41
       Daily High:  128.78
       Daily Low:  127.62
       Weekly High:  130.22
       Weekly Low:  126.63
       Monthly High:  132.49
       Monthly Low:  126.63
       Daily Fibonacci 38.2%:  128.34
       Daily Fibonacci 61.8%:  128.06
       Daily Pivot Point S1:  127.87
       Daily Pivot Point S2:  127.16
       Daily Pivot Point S3:  126.7
       Daily Pivot Point R1:  129.04
       Daily Pivot Point R2:  129.5
       Daily Pivot Point R3:  130.21