The EUR/JPY rallies toward the 169.00 figure yet remains shy of breaching it as risk appetite improves, as Wall Street depicts. At the time of writing, the cross-pair trades at 168.89 and is up by 1.12%.
The daily chart depicts the EUR/JPY as upward biased, even though the rally has overextended. The Relative Strength Index (RSI) is at 76.00, usually seen as overbought, but due to the strength of the uptrend, the 80.00 level is seen as the most extreme condition.
If buyers reclaim the 169.00, the next supply zone would be the July 2008 high of 169.97. Once those two levels are cleared, the next supply zone would be 170.00.
On the flip side, a daily close below 169.00, would pave the way for a retracement to 168.00. Subsequent losses are seen below the Tenkan-Sen at 166.20, followed by the Kijun-Sen at165.84
Overview | |
---|---|
Today last price | 168.88 |
Today Daily Change | 1.86 |
Today Daily Change % | 1.11 |
Today daily open | 167.02 |
Trends | |
---|---|
Daily SMA20 | 164.5 |
Daily SMA50 | 163.46 |
Daily SMA100 | 161.07 |
Daily SMA200 | 159.9 |
Levels | |
---|---|
Previous Daily High | 167.09 |
Previous Daily Low | 165.93 |
Previous Weekly High | 165.03 |
Previous Weekly Low | 162.67 |
Previous Monthly High | 165.36 |
Previous Monthly Low | 160.22 |
Daily Fibonacci 38.2% | 166.65 |
Daily Fibonacci 61.8% | 166.37 |
Daily Pivot Point S1 | 166.27 |
Daily Pivot Point S2 | 165.52 |
Daily Pivot Point S3 | 165.11 |
Daily Pivot Point R1 | 167.43 |
Daily Pivot Point R2 | 167.84 |
Daily Pivot Point R3 | 168.59 |
Keep up with the financial markets, know what's happening and what is affecting the markets with our latest market updates. Analyze market movers, trends and build your trading strategies accordingly.