EUR/JPY Price Analysis: Next target comes at 130.00 and above

EUR/JPY’s recovery falters just ahead of the 130.00 level.
Extra gains seen above the short-term resistance line.

Pablo Piovano FXStreet

The upside momentum in EUR/JPY appears to have run out of steam in the boundaries of the key hurdle at 130.00 the figure on Monday.

Further upside needs to surpass the key short-term resistance line, today just above 130.00, to open the door to a move to the mid-130.00s in the near term ahead of the 100-day SMA at 130.82.

While below the 200-day SMA at 129.63 the outlook for the cross should remain bearish for the time being.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	129.73
Today Daily Change	45
Today Daily Change %	0.01
Today daily open	129.72

Trends
Daily SMA20	129.61
Daily SMA50	129.51
Daily SMA100	130.89
Daily SMA200	129.66

Levels
Previous Daily High	129.85
Previous Daily Low	129.39
Previous Weekly High	129.85
Previous Weekly Low	127.93
Previous Monthly High	130.42
Previous Monthly Low	127.93
Daily Fibonacci 38.2%	129.67
Daily Fibonacci 61.8%	129.56
Daily Pivot Point S1	129.46
Daily Pivot Point S2	129.19
Daily Pivot Point S3	128.99
Daily Pivot Point R1	129.92
Daily Pivot Point R2	130.12
Daily Pivot Point R3	130.38

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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