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.

Pablo Piovano FXStreet

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

EUR/JPY

Overview
Today last price	125.79
Today Daily Change	85
Today Daily Change %	0.62
Today daily open	125.02

Trends
Daily SMA20	123.89
Daily SMA50	122.29
Daily SMA100	119.9
Daily SMA200	120.17

Levels
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

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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