Technical analysis of EUR/JPY 01/31/2024

The EUR/JPY currency pair at (1D) is in an upward trend.

During the downward correction, the price found support in the area of 154.00 (38.2% Fibo), (MA200) and is currently consolidating around 159.00 (MA100).

The technical picture suggests continued growth of the pair with the nearest target in the area of last year’s high of 164.00.

The closest support is the area at 158.00 (23.6% Fibo).


Created by Joshua Hayn

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