EUR/JPY Price Analysis: Further consolidation in the pipeline

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EUR/JPY Price Analysis: Further consolidation in the pipeline
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EUR/JPY trades in a consolidative range around the 157.00 region following Friday’s strong gains. In the meantime, the cross remains stuck within the

EUR/JPY trades in an inconclusive fashion around 157.00. Extra range bound looks likely for the time being. consolidative range and the breakout of it exposes a visit to the so far monthly high of 158.65 prior to the 2023 top at 159.76 , which precedes the key round level at 160.00. On the downside, the so far monthly low of 154.34 emerges as the initial contention in case of bearish attempts.

EUR/JPY daily chart EUR/JPY Overview Today last price 157.11 Today Daily Change 81 Today Daily Change % -0.63 Today daily open 158.1 Trends Daily SMA20 157.51 Daily SMA50 157.79 Daily SMA100 155.82 Daily SMA200 149.85 Levels Previous Daily High 158.26 Previous Daily Low 156.46 Previous Weekly High 158.48 Previous Weekly Low 154.39 Previous Monthly High 158.66 Previous Monthly Low 156.58 Daily Fibonacci 38.2% 157.57 Daily Fibonacci 61.8% 157.15 Daily Pivot Point S1 156.

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