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


Today last price 123.92
Today Daily Change 43
Today Daily Change % 0.11
Today daily open 123.79
Daily SMA20 123.17
Daily SMA50 123.59
Daily SMA100 124.02
Daily SMA200 121.44
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



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

Latest Forex News

Editors’ Picks

AUD/USD keeping its head above 21DMA at 0.7673 for now

AUD/USD saw downside during Monday’s Asia Pacific and early European session, dropping momentarily as low as 0.7660. The pair broke below an uptrend linking the 28 December 2020 high with the 4, 11 and 15 January lows.


GBP/USD: Monday’s bullish pin bar keeps buyers hopeful

GBP/USD picks up bids around 1.3590 amid the initial Asian trading session on Tuesday. The Cable justifies its bounce off 21-day SMA and a bullish pin bar candlestick pattern on the daily chart. Monthly resistance line adds to the upside barriers.


XAU/USD fades recovery moves below $1,850, awaits fresh clues

Gold eases from the top of an immediate $10 trading range while declining to $1,837 at the start of Tuesday’s Asian session. The yellow metal took a U-turn from the lowest since December 01 the previous day as the US dollar stepped back after refreshing the one-month high.

Gold news

Stellar awaits a massive breakout but remains inside a no-trade zone

XLM has continued to trade sideways since we last reported about it. The digital asset remains locked inside a tightening range which will eventually burst. 

Read more

US Dollar Index: Immediately to the upside comes 91.00

DXY extends the march north and already trades at shouting distance from the 91.00 barrier, or new 2021 highs.

US Dollar Index News