EUR/JPY Price Analysis: Interim hurdle emerges at 126.46

EUR/JPY trades within a narrow range in the 125.70 region on Monday.
There is an interim resistance at the post-ECB high near 1256.50.

Pablo Piovano FXStreet

EUR/JPY is alternating gains with losses below the 126.00 mark at the beginning of the week.

Bulls need to surpass last week’s top near 126.50 (post-ECB meeting highs) to allow for another attempt to visit the 2020 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 120.77.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	125.72
Today Daily Change	24
Today Daily Change %	-0.03
Today daily open	125.76

Trends
Daily SMA20	125.61
Daily SMA50	124.37
Daily SMA100	121.68
Daily SMA200	120.79

Levels
Previous Daily High	126.13
Previous Daily Low	125.39
Previous Weekly High	126.46
Previous Weekly Low	124.43
Previous Monthly High	126.85
Previous Monthly Low	123.99
Daily Fibonacci 38.2%	125.85
Daily Fibonacci 61.8%	125.67
Daily Pivot Point S1	125.39
Daily Pivot Point S2	125.03
Daily Pivot Point S3	124.66
Daily Pivot Point R1	126.13
Daily Pivot Point R2	126.5
Daily Pivot Point R3	126.86

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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