EUR/JPY holds bullish tone, limited below 126.80


  • Quiet session with limited moves and low volatility. 
  • EUR/JPY moving sideways, consolidating last week gains. 

The EUR/JPY pair continues to move sideways as it has been the case since last Friday, holding around 126.70,  near 1-month highs. 

Bullish but limited

Earlier today the pair peaked at 126.78, the strongest since March 20 amid an improvement in risk appetite. But it failed to extend gains as equity prices trimmed gains. It kept trading sideways above 126.50, with the chart still pointing to the upside. 

The price range so far on Monday has been of 35 pips, one of the lowest in months. Volatility among crosses remains low as USD/JPY traded most of the day around 112.00 and EUR/USD moved between 1.1325 and 1.1297. 

Levels to watch

To the upside, the immediate resistance is the upper limit of the current range at 126.75/80, followed by 127.00 and 127.35. On the flip side, immediate support is the lower limit at 126.45/50 and then 126.10 and 125.65. 

EUR/JPY

Overview
Today last price 126.61
Today Daily Change 0.05
Today Daily Change % 0.04
Today daily open 126.56
 
Trends
Daily SMA20 125.24
Daily SMA50 125.44
Daily SMA100 125.84
Daily SMA200 127.67
Levels
Previous Daily High 126.78
Previous Daily Low 125.62
Previous Weekly High 126.78
Previous Weekly Low 124.78
Previous Monthly High 127.52
Previous Monthly Low 123.64
Daily Fibonacci 38.2% 126.34
Daily Fibonacci 61.8% 126.07
Daily Pivot Point S1 125.86
Daily Pivot Point S2 125.17
Daily Pivot Point S3 124.71
Daily Pivot Point R1 127.02
Daily Pivot Point R2 127.48
Daily Pivot Point R3 128.17

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD grinds higher, holding close to 1.1200

As the Fed's decision approaches, the greenback comes under pressure, although the EUR is among the weakest, unable to lift its head after Draghi's dovish words on Tuesday. The Fed's dot-plot and the wording of the statement will seal the dollar's destiny.

EUR/USD News

GBP/USD extends gains above 1.2600, dollar weaker as Fed looms

The American currency eases ahead of the US Federal Reserve announcement, and despite UK inflation failed to impress. Tories will have another ballot today to keep reducing the list of candidates for PM.

GBP/USD News

USD/JPY extends consolidation below 108.50 as markets pause ahead of Fed announcements

For the third straight day this week, the USD/JPY pair is fluctuating in a tight range as investors are eagerly waiting for the FOMC to announce its policy decision and release its updated economic projections.

USD/JPY News

Gold struggles to build on Tuesday's gains, sits above $1340

The troy ounce of the precious metal gained $15 on Tuesday as investors saw gold as a better investment alternative to major currencies amid the dovish shifts seen in central banks' tone.

Gold News

FOMC Preview: to be or not to be 'patient'

That concerns about a global economic slowdown had made policymakers worldwide take a dovish shift is no news. Neither is that the financial market has already priced in at least one rate cut in the US for this year.

FED news

Majors

Cryptocurrencies

Signatures