EUR/JPY Price Analysis: Further gains now look to 127.50

  • EUR/JPY surpasses the previous YTD highs and tests 125.80.
  • Further up now aligns the March 2019 high in the mid-127.00s.

EUR/JPY extends the recovery on the back of the generalized better note in the risk complex on Wednesday.

Further gains are thus expected amidst the current positive environment, and there are no relevant hurdles until the March 2019 high in the 127.50 region.

The constructive view around EUR/JPY is predicted to remain unchanged while above the 200-day SMA at 120.15.

EUR/JPY weekly chart


Today last price 125.79
Today Daily Change 85
Today Daily Change % 0.62
Today daily open 125.02
Daily SMA20 123.89
Daily SMA50 122.29
Daily SMA100 119.9
Daily SMA200 120.17
Previous Daily High 125.5
Previous Daily Low 124.35
Previous Weekly High 125.59
Previous Weekly Low 123.99
Previous Monthly High 125.21
Previous Monthly Low 120.26
Daily Fibonacci 38.2% 125.06
Daily Fibonacci 61.8% 124.79
Daily Pivot Point S1 124.41
Daily Pivot Point S2 123.8
Daily Pivot Point S3 123.26
Daily Pivot Point R1 125.57
Daily Pivot Point R2 126.11
Daily Pivot Point R3 126.72



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