EUR/JPY Price Analysis: Another visit to 128.00 remains on the cards

EUR/JPY leaves behind Wednesday’s negative session.
Sellers could still drag the cross to the 128.00 area.

Pablo Piovano FXStreet

EUR/JPY regains the upside traction and returns to the positive territory near 129.50 on Thursday.

The resumption of the downside should not be ruled out yet and therefore another visit to the monthly low at 127.97 (November 19) remains well on the cards for the time being. A move further south should see the August and September low around 127.93 retested.

Looking at the broader picture, the outlook for the cross is expected to remain negative while below the 200-day SMA, today at 130.54.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	129.42
Today Daily Change	32
Today Daily Change %	0.11
Today daily open	129.28

Trends
Daily SMA20	130.64
Daily SMA50	130.52
Daily SMA100	130.11
Daily SMA200	130.58

Levels
Previous Daily High	129.58
Previous Daily Low	128.69
Previous Weekly High	130.6
Previous Weekly Low	127.98
Previous Monthly High	133.48
Previous Monthly Low	128.34
Daily Fibonacci 38.2%	129.03
Daily Fibonacci 61.8%	129.24
Daily Pivot Point S1	128.79
Daily Pivot Point S2	128.3
Daily Pivot Point S3	127.9
Daily Pivot Point R1	129.67
Daily Pivot Point R2	130.07
Daily Pivot Point R3	130.56

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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