EUR/JPY Price Analysis: Next target remains at the 200-day SMA

EUR/JPY keeps flirting with the 200-day SMA near 120.30.
Further north emerges the monthly peaks near 121.50.

Pablo Piovano FXStreet

EUR/JPY has managed to regain some upside traction on Thursday, although a breakout of the 200-day SMA near 120.30 still remains elusive.

A breakout of this area should mitigate the downside pressure somewhat and re-shift the focus to the monthly tops in the mid-121.00s.

The resumption of the selling bias should initially target weekly lows around 119.40.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	120.24
Today Daily Change	42
Today Daily Change %	0.02
Today daily open	120.22

Trends
Daily SMA20	120.03
Daily SMA50	120.92
Daily SMA100	120.74
Daily SMA200	120.34

Levels
Previous Daily High	120.59
Previous Daily Low	119.7
Previous Weekly High	121.4
Previous Weekly Low	118.46
Previous Monthly High	122.88
Previous Monthly Low	119.78
Daily Fibonacci 38.2%	120.25
Daily Fibonacci 61.8%	120.04
Daily Pivot Point S1	119.75
Daily Pivot Point S2	119.28
Daily Pivot Point S3	118.86
Daily Pivot Point R1	120.64
Daily Pivot Point R2	121.06
Daily Pivot Point R3	121.53

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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