EUR/JPY Price Analysis: Extra gains seen above 122.00


  • EUR/JPY is extending the consolidative theme just below 121.00.
  • The 200-day SMA near 119.60 offered decent contention so far.

Following a failed attempt to surpass the 121.00 mark last week, EUR/JPY has moved into a consolidation range, which is so far supported around the mid-119.00s.

This important area of contention is home of the key 200-day SMA and monthly lows.

A breach of this support should pave the way for further weakness to, initially, the 100-day and 55-day SMAs at 118.72 and 118.44, respectively.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 120.7
Today Daily Change 63
Today Daily Change % 0.38
Today daily open 120.24
 
Trends
Daily SMA20 121.15
Daily SMA50 118.55
Daily SMA100 118.76
Daily SMA200 119.61
 
Levels
Previous Daily High 120.38
Previous Daily Low 119.82
Previous Weekly High 121.1
Previous Weekly Low 119.32
Previous Monthly High 119.9
Previous Monthly Low 114.43
Daily Fibonacci 38.2% 120.03
Daily Fibonacci 61.8% 120.16
Daily Pivot Point S1 119.91
Daily Pivot Point S2 119.58
Daily Pivot Point S3 119.35
Daily Pivot Point R1 120.48
Daily Pivot Point R2 120.71
Daily Pivot Point R3 121.04

 

 

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