EUR/JPY Price Analysis: Further upside likely to test 127.00

EUR/JPY extends the recovery to the area above the 126.00 mark.
Immediately to the upside is located the 2020 highs near 127.10.

Pablo Piovano FXStreet

EUR/JPY is prolonging the uptrend for yet another session and is already reclaiming the 126.00 neighbourhood.

If the buying interest picks up extra pace, then EUR/JPY should shift its attention to the so far yearly highs just beyond 127.00 the figure recorded on September 1.

The constructive view around EUR/JPY is predicted to remain unchanged while above the 200-day SMA at 120.75.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	125.99
Today Daily Change	82
Today Daily Change %	0.48
Today daily open	125.39

Trends
Daily SMA20	125.63
Daily SMA50	124.27
Daily SMA100	121.58
Daily SMA200	120.76

Levels
Previous Daily High	126.46
Previous Daily Low	125.29
Previous Weekly High	127.08
Previous Weekly Low	125.29
Previous Monthly High	126.85
Previous Monthly Low	123.99
Daily Fibonacci 38.2%	126.02
Daily Fibonacci 61.8%	125.74
Daily Pivot Point S1	124.97
Daily Pivot Point S2	124.55
Daily Pivot Point S3	123.8
Daily Pivot Point R1	126.14
Daily Pivot Point R2	126.89
Daily Pivot Point R3	127.31

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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