EUR/JPY Price Analysis: No changes to the consolidation theme

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EUR/JPY Price Analysis: No changes to the consolidation theme
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EUR/JPY alternates gains with losses in the sub-157.00 region on Thursday, following the recovery attempt seen in the previous day. In the meantime, t

EUR/JPY trades in a vacillating fashion below the 157.00 hurdle. Extra range bound appears on the cards for the time being. he cross remains stuck within the 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 156.54 Today Daily Change 71 Today Daily Change % -0.08 Today daily open 156.66 Trends Daily SMA20 157.57 Daily SMA50 157.67 Daily SMA100 155.66 Daily SMA200 149.69 Levels Previous Daily High 156.77 Previous Daily Low 155.83 Previous Weekly High 158.34 Previous Weekly Low 156.71 Previous Monthly High 158.66 Previous Monthly Low 156.58 Daily Fibonacci 38.2% 156.41 Daily Fibonacci 61.8% 156.19 Daily Pivot Point S1 156.

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