- The bull run in EUR/JPY faltered in the 121.50 region on Wednesday.
- The 200-day SMA near 119.60 keeps holding the downside.
EUR/JPY is now seeing some correction lower after failing to surpass the 121.50 region earlier in the session.
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
|Today last price||120.69|
|Today Daily Change||83|
|Today Daily Change %||-0.46|
|Today daily open||121.25|
|Previous Daily High||121.43|
|Previous Daily Low||120.59|
|Previous Weekly High||121.1|
|Previous Weekly Low||119.32|
|Previous Monthly High||124.43|
|Previous Monthly Low||119.32|
|Daily Fibonacci 38.2%||121.11|
|Daily Fibonacci 61.8%||120.91|
|Daily Pivot Point S1||120.75|
|Daily Pivot Point S2||120.25|
|Daily Pivot Point S3||119.91|
|Daily Pivot Point R1||121.59|
|Daily Pivot Point R2||121.93|
|Daily Pivot Point R3||122.42|
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.