EUR/JPY Price Analysis: Next on the upside appears 121.40

EUR/JPY advances further to the 121.00 region on Tuesday.
The February’s peak near 121.50 emerges as the next hurdle.

Pablo Piovano FXStreet

After briefly testing lows in the 200-day SMA near 119.50 on Monday, EUR/JPY managed to regain some buying interest and is now flirting with the 121.00 region.

If the bullish attempt gathers serious traction, then the February’s top near 121.50 should emerge as the next interim resistance ahead of January’s high near 122.90.

In the meantime, while above the 200-day SMA the outlook is seen as positive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	120.86
Today Daily Change	120
Today Daily Change %	0.40
Today daily open	120.38

Trends
Daily SMA20	120.87
Daily SMA50	118.3
Daily SMA100	118.77
Daily SMA200	119.59

Levels
Previous Daily High	120.44
Previous Daily Low	119.32
Previous Weekly High	122.12
Previous Weekly Low	119.38
Previous Monthly High	119.9
Previous Monthly Low	114.43
Daily Fibonacci 38.2%	120.01
Daily Fibonacci 61.8%	119.75
Daily Pivot Point S1	119.65
Daily Pivot Point S2	118.92
Daily Pivot Point S3	118.52
Daily Pivot Point R1	120.78
Daily Pivot Point R2	121.17
Daily Pivot Point R3	121.9

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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