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

EUR/JPY

Overview
Today last price 122.71
Today Daily Change 37
Today Daily Change % 0.12
Today daily open 122.56
 
Trends
Daily SMA20 121.64
Daily SMA50 121
Daily SMA100 120.03
Daily SMA200 120.94
 
Levels
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

 

 

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