EUR/JPY Price Analysis: Euro challenging October highs and 200 DMA

EUR/JPY is clinging to weekly gains while challenging the October highs and the 200 DMA.
The level to beat for bulls is the 121.57/70 resistance zone.

Flavio Tosti Independent Analyst

EUR/JPY daily chart

EUR/JPY is challenging the October highs and the 200-day simple moving average (DMA) as the bulls are taking control.

EUR/JPY four-hour chart

The market is challenging an important resistance zone in the 121.57/70 area, according to the Technical Confluences Indicator. If the buyers manage to break above it, the spot can spike to the 122.45 level.

EUR/JPY 30-minute chart

EUR/JPY is clinging to weekly gains while trading above the main SMAs. Support is seen at the 121.32, 121.06 and 120.81 price levels.

Additional key levels

EUR/JPY

Overview
Today last price	121.39
Today Daily Change	0.49
Today Daily Change %	0.41
Today daily open	120.9

Trends
Daily SMA20	120.33
Daily SMA50	120.13
Daily SMA100	119.31
Daily SMA200	121.39

Levels
Previous Daily High	120.94
Previous Daily Low	120.37
Previous Weekly High	121.02
Previous Weekly Low	120
Previous Monthly High	121.31
Previous Monthly Low	119.24
Daily Fibonacci 38.2%	120.72
Daily Fibonacci 61.8%	120.59
Daily Pivot Point S1	120.54
Daily Pivot Point S2	120.17
Daily Pivot Point S3	119.97
Daily Pivot Point R1	121.1
Daily Pivot Point R2	121.3
Daily Pivot Point R3	121.67

Author

Flavio Tosti

Independent Analyst

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