EUR/JPY Price Analysis: Euro challenges March’s highs and 121.00 figure

EUR/JPY breaks higher and challenges the monthly highs.
The level to beat for bulls is the 121.00 resistance.

Flavio Tosti Independent Analyst

EUR/JPY daily chart

EUR/JPY broke to the upside as it is testing the 121.00 handle and the March’s highs while trading above the main daily SMAs.

EUR/JPY four-hour chart

EUR/JPY is spiking to the upside while challenging March’s highs and the 121.00 handle. Bulls are back in the driver’s seat and some more up towards 121.40 or 122.00 could be expected. Support can be seen near the 120.50, 120.00 and 119.50 levels.

Resistance: 121.00, 121.40, 122.00

Support: 120.50, 120.00, 119.50

Additional key levels

EUR/JPY

Overview
Today last price	120.88
Today Daily Change	0.89
Today Daily Change %	0.74
Today daily open	119.99

Trends
Daily SMA20	119.04
Daily SMA50	119.93
Daily SMA100	120.44
Daily SMA200	120.05

Levels
Previous Daily High	120.54
Previous Daily Low	118.82
Previous Weekly High	119.69
Previous Weekly Low	116.9
Previous Monthly High	121.4
Previous Monthly Low	118.38
Daily Fibonacci 38.2%	119.88
Daily Fibonacci 61.8%	119.48
Daily Pivot Point S1	119.02
Daily Pivot Point S2	118.06
Daily Pivot Point S3	117.29
Daily Pivot Point R1	120.75
Daily Pivot Point R2	121.51
Daily Pivot Point R3	122.48

Author

Flavio Tosti

Independent Analyst

EUR/USD clings to gains around 1.1800

EUR/USD manages to regain composure and retests the 1.1800 region in quite a positive start to the week. The pair’s bounce follows the US Dollar’s offered stance post-SCOTUS ruling ahead of important US data and Fedspeak on Tuesday.

GBP/USD looks stuck around 1.3500 amid firm gains

GBP/USD is pushing further north on Monday, revisiting the 1.3500 hurdle and beyond. Cable’s uptick is largely being fuelled by the broader softness in the Greenback, amid lingering uncertainty around tariffs.

Gold pops above $5,200, four-week highs

Gold is holding onto its bullish tone on Monday, reaching new multi-week highs just past the $5,200 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Ethereum Price Forecast: BitMine's holdings reach 4.42 million ETH as Fundstrat predicts 87% win-ratio

Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) scooped up 51,162 ETH last week, marking its largest purchase since December.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.