EUR/JPY reverses three consecutive daily gains and challenges the 159.00 support after hitting new yearly peaks near the 160.00 barrier earlier in the
EUR/JPY comes under pressure following new 2023 highs. Extra advance now looks at the round level of 160.00. session. Considering the current price action, further upside appears in the pipeline for the cross in the short-term horizon. Against that, the immediate hurdle emerges at the 2023 top at 159.91 just ahead of the round level at 160.00. So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 150.89.
13 Today Daily Change 91 Today Daily Change % -0.40 Today daily open 159.77 Trends Daily SMA20 157.7 Daily SMA50 157.96 Daily SMA100 156.73 Daily SMA200 150.84 Levels Previous Daily High 159.81 Previous Daily Low 158.51 Previous Weekly High 158.93 Previous Weekly Low 157.06 Previous Monthly High 158.66 Previous Monthly Low 156.58 Daily Fibonacci 38.2% 159.31 Daily Fibonacci 61.8% 159 Daily Pivot Point S1 158.92 Daily Pivot Point S2 158.06 Daily Pivot Point S3 157.62 Daily Pivot Point R1 160.
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