EUR/JPY advances for the second consecutive day, trading around 162.27, reflecting a 0.25% rise amid a favorable risk-on market environment.
The pair shows an upward bias on the daily chart, with a significant resistance level at the August 2008 high of 165.60.
On the downside, initial support is identified at the Tenkan-Sen level of 160.72, followed by the Senkou Span A at 160.07 and the Kijun-Sen at 159.44.
EUR/JPY continues to advance for the second straight day, gaining traction toward 162.50 in late trading during the North American session, amid a risk-on impulse and despite Japanese authorities’ intervention threats. At the time of writing, the EUR/JPY is exchanging hands at 162.27 up 0.25%.From a daily perspective, the EUR/JPY remains upward biased, with the next resistance level emerging at around the August 2008 high of 165.60. A breach of the latter would expose the July 2008 high of 169.97, ahead of challenging the 170.00.On the opposite flip side, the EUR/JPY first support would be the Tenkan-Sen level at 160.72 before challenging the Senkou Span A at 160.07 and the Kijun-Sen at 159.44.
EUR/JPY Price Analysis – Daily Chart(Click on image to enlarge)
EUR/JPY Technical Levels
EUR/JPY
| OVERVIEW |
| Today last price |
162.27 |
| Today Daily Change |
0.35 |
| Today Daily Change % |
0.22 |
| Today daily open |
161.92 |
| TRENDS |
| Daily SMA20 |
159.52 |
| Daily SMA50 |
158.38 |
| Daily SMA100 |
157.73 |
| Daily SMA200 |
152.17 |
| LEVELS |
| Previous Daily High |
161.95 |
| Previous Daily Low |
161.36 |
| Previous Weekly High |
161.95 |
| Previous Weekly Low |
160.15 |
| Previous Monthly High |
160.85 |
| Previous Monthly Low |
154.39 |
| Daily Fibonacci 38.2% |
161.72 |
| Daily Fibonacci 61.8% |
161.58 |
| Daily Pivot Point S1 |
161.53 |
| Daily Pivot Point S2 |
161.15 |
| Daily Pivot Point S3 |
160.94 |
| Daily Pivot Point R1 |
162.12 |
| Daily Pivot Point R2 |
162.33 |
| Daily Pivot Point R3 |
162.71 |
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