- The 10-day SMA has crossed above the 100-day SMA, allowing for some continuation of the bullish sentiment for the time being.
- The up move in the cross has stalled just ahead of the initial target at the 200-day SMA just below 132.00 the figure. Collaborating with the bullish mood, the cross continues to navigate above the daily cloud.
- Immediate target remains the 133.50 region, levels last seen in mid-April.
- Some caution could come to the fore, however, as the cross is poking with the overbought area – daily RSI at 68.
EUR/JPY daily chart
Daily high: 131.95
Daily low: 131.43
Support Levels
S1: 131.13
S2: 130.76
S3: 130.47
Resistance Levels
R1: 131.79
R2: 132.08
R3: 132.45
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