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  • The cross is recovering the smile after four consecutive daily pullbacks on Wednesday, managing to meet dip-buyers after testing lows in the boundaries of the key 100-day SMA in the 129.40 region on Tuesday.
  • The continuation of the up move should meet the next resistance at the critical 200-day SMA at 130.89.
  • Ideally, EUR/JPY needs to surpass the resistance line off 2018 tops, today at 132.88, in order to regain extra upside pressure.

EUR/JPY daily chart













       Last Price:  130.3
       Daily change:  50  pips
       Daily change:  0.385%
       Daily Open:  129.8
       Daily SMA20:  131.32
       Daily SMA50:  129.58
       Daily SMA100:  129.36
       Daily SMA200:  130.96
       Daily High:  130.26
       Daily Low:  129.34
       Weekly High:  132.49
       Weekly Low:  130.6
       Monthly High:  133.15
       Monthly Low:  127.87
       Daily Fibonacci 38.2%:  129.69
       Daily Fibonacci 61.8%:  129.9
       Daily Pivot Point S1:  129.34
       Daily Pivot Point S2:  128.88
       Daily Pivot Point S3:  128.42
       Daily Pivot Point R1:  130.26
       Daily Pivot Point R2:  130.72
       Daily Pivot Point R3:  131.18