EUR/JPY Price Analysis: Rebound lost momentum near 121.50

  • 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
Daily SMA20 121.2
Daily SMA50 118.71
Daily SMA100 118.78
Daily SMA200 119.64
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



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