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. 
 

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

 

 

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