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  • The cross met strong resistance in levels just beyond 132.00 the figure, where sits the key 200-day SMA.
  • Bullish momentum, however, remains unchanged while above mid-June peaks in the 130.40 band. This view should be reinforced as long as the cross trades above the daily cloud.
  • Further upside is expected to target the 133.50 region, levels last traded in mid-April.
  • Additionally, the cross has retreated from the boundaries of the overbought territory, motivating the daily RSI to recede to the 59 area.

EUR/JPY daily chart








Daily high: 131.79

Daily low: 130.88

Support Levels

S1: 131.37

S2: 131.12

S3: 130.80

Resistance Levels

R1: 131.94

R2: 132.26

R3: 132.51