EUR/JPY Price Analysis: Next on the upside appears 125.00


  • EUR/JPY extends the rebound and tests the key 124.00 area.
  • The monthly peaks just beyond 125.00 the figure comes up next.

EUR/JPY rebounds from last week’s lows in the sub-123.00 area and now flirts with the 124.00 zone, where sits the 100-day SMA.

If the buying pressure gathers extra steam, a break above this area should allow for further upside to, initially, re-visit the monthly peaks just past 125.00 the figure.

On the opposite side, losses are expected to accelerate if EUR/JPY breaks below last week’s lows in the 122.80 zone, exposing the key 200-day SMA, today at 121.43.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 123.92
Today Daily Change 43
Today Daily Change % 0.11
Today daily open 123.79
 
Trends
Daily SMA20 123.17
Daily SMA50 123.59
Daily SMA100 124.02
Daily SMA200 121.44
 
Levels
Previous Daily High 123.79
Previous Daily Low 123.08
Previous Weekly High 124.44
Previous Weekly Low 122.85
Previous Monthly High 125.09
Previous Monthly Low 121.62
Daily Fibonacci 38.2% 123.52
Daily Fibonacci 61.8% 123.35
Daily Pivot Point S1 123.31
Daily Pivot Point S2 122.84
Daily Pivot Point S3 122.6
Daily Pivot Point R1 124.03
Daily Pivot Point R2 124.27
Daily Pivot Point R3 124.74

 

 

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