EUR/JPY Price Analysis: Extra gains face the next barrier at 129.30


  • EUR/JPY pushes higher and clinches YTD peaks near 128.00.
  • The next hurdle of note comes in at the 129.30 region.

EUR/JPY extends the rally further and records fresh 2021 highs in levels just shy of 128.00 the figure on Monday.

If the buying impetus picks up extra steam, then the next resistance of note should emerge at the 129.30 zone (November 29/December 13 2018 highs) ahead of the psychological hurdle at 130.00 followed by monthly peaks at 130.14 (November 7 2018).

The prospects for near-term further upside remain in place as long as EUR/JPY trades above the immediate support line near 126.30.

Looking at the broader picture, while above the 200-day SMA at 123.71 the outlook for the cross should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 127.18
Today Daily Change 80
Today Daily Change % 0.00
Today daily open 127.18
 
Trends
Daily SMA20 126.38
Daily SMA50 126.38
Daily SMA100 125.14
Daily SMA200 123.79
 
Levels
Previous Daily High 127.31
Previous Daily Low 126.98
Previous Weekly High 127.31
Previous Weekly Low 126.44
Previous Monthly High 127.49
Previous Monthly Low 125.09
Daily Fibonacci 38.2% 127.18
Daily Fibonacci 61.8% 127.11
Daily Pivot Point S1 127.01
Daily Pivot Point S2 126.83
Daily Pivot Point S3 126.68
Daily Pivot Point R1 127.33
Daily Pivot Point R2 127.48
Daily Pivot Point R3 127.66

 

 

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