News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
EUR/JPY Technical Analysis: Clearing a Path Above 138.00?

EUR/JPY Technical Analysis: Clearing a Path Above 138.00?

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/JPY Technical Strategy: Flat
  • Support: 137.67, 136.83, 135.80
  • Resistance: 138.51, 139.54, 141.21

The Euro is poised to extend its advance against the Japanese Yen having reversed upward as expected, with buyers now aiming above the 138.00 figure. A daily close above the 61.8% Fibonacci retracementat 138.51 exposes the 76.4% level at 139.54. Alternatively, a reversal back below the 50% Fib at 137.67 opens the door for a challenge of the 38.2% retracement at 136.83.

The available trading range is too narrow to justify a trade on the long or short side from a risk/reward perspective. With that in mind, we will remain on the sidelines for now until a more attractive opportunity presents itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

EUR/JPY Technical Analysis: Clearing a Path Above 138.00?

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.