EUR/JPY Price Analysis: Next target remains at 122.00


  • EUR/JPY is attempting to break out the consolidation near 121.00.
  • The 200-day SMA near 119.60 offered decent contention so far.

Following a failed attempt to surpass the 121.00 mark last week, EUR/JPY has moved into a consolidation range, which is so far supported around the mid-119.00s.

While above the key 200-day SMA, today at 119.58, the outlook on the cross is seen as positive.

That said, the next target on the upside is located at the 122.00 neighbourhood ahead of the 2020 peak in the 124.40 zone.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 120.9
Today Daily Change 53
Today Daily Change % -0.02
Today daily open 120.93
 
Trends
Daily SMA20 121.21
Daily SMA50 118.63
Daily SMA100 118.77
Daily SMA200 119.63
 
Levels
Previous Daily High 121.36
Previous Daily Low 120.05
Previous Weekly High 121.1
Previous Weekly Low 119.32
Previous Monthly High 119.9
Previous Monthly Low 114.43
Daily Fibonacci 38.2% 120.86
Daily Fibonacci 61.8% 120.55
Daily Pivot Point S1 120.2
Daily Pivot Point S2 119.47
Daily Pivot Point S3 118.89
Daily Pivot Point R1 121.51
Daily Pivot Point R2 122.09
Daily Pivot Point R3 122.82

 

 

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