EUR/JPY Price Analysis: Looks firmer and approaches 123.00

  • The bull run in EUR/JPY remains well and sound so far.
  • The rally now targets the 123.00 level and above.

EUR/JPY keeps pushing higher amidst the generalized better tone in the risk complex, managing well to extend the upside momentum and trade at shouting distance from the 123.00 neighbourhood.

Immediately above emerges the 123.30 region, where sits July 2019 highs. Further up, there are no relevant hurdles until April’s top in the 126.80 zone.

While above the 200-day SMA just below the 121.00 mark, the outlook on the cross is expected to remain bullish.

EUR/JPY daily chart


Today last price 122.71
Today Daily Change 37
Today Daily Change % 0.12
Today daily open 122.56
Daily SMA20 121.64
Daily SMA50 121
Daily SMA100 120.03
Daily SMA200 120.94
Previous Daily High 122.72
Previous Daily Low 122.18
Previous Weekly High 121.85
Previous Weekly Low 120.17
Previous Monthly High 124.2
Previous Monthly Low 119.98
Daily Fibonacci 38.2% 122.52
Daily Fibonacci 61.8% 122.39
Daily Pivot Point S1 122.25
Daily Pivot Point S2 121.95
Daily Pivot Point S3 121.71
Daily Pivot Point R1 122.79
Daily Pivot Point R2 123.03
Daily Pivot Point R3 123.33



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD hits two-month lows amid USD strength

EUR/USD has pared its gains that followed upbeat preliminary PMIs for Germany came out above expectations, pointing to a recovery. The USD is advancing amid fears of the coronavirus.


GBP/USD drops below 1.31 amid USD strength, fails to sustain PMI gains

GBP/USD is trading below  1.31 after hitting a fresh high of 1.3172. The UK Manufacturing PMI beat with 49.8 and Services PMI with 52.9. The USD is gaining ground across the board.


Cryptos: Bears take over and draw a bloody moon

Despite appearances, Bitcoin is the asset with the best risk/benefit ratio. The current falls are adjusted to the ranges of the previous rise. Downward momentum expires in the first half of February.

Read more

Gold rebounds above $1560

The XAU/USD pair dropped to a daily low of $1556.70 during the European trading hours as the easing worries over coronavirus becoming a global epidemic and a broad-based USD strength put the pair under bearish pressure.

Gold News

USD/JPY stuck in range around 109.50 amid China coronavirus concerns

USD/JPY sticks to its range play around the midpoint of the 109 handle amid rising fears of the Chinese coronavirus outbreak globally, upbeat Japanese CPI data and a minor bounce seen in the US dollar across the board. Focus shifts to US PMIs.