EUR/JPY Price Analysis: Recovery still targets the 130.00 area

EUR/JPY meets support in the 128.30 region on Monday.
Immediately to the upside emerges the YTD high near 130.00.

Pablo Piovano FXStreet

EUR/JPY struggles for direction in the mid-128.00s following Friday’s strong retracement

If bulls regain control of the sentiment, then the next target will emerge at the 20121 highs just below 130.00 (February 25). Further north of 130.00 comes in 130.14 (November 7 2018) ahead of the summer 2018 high at 131.98 (July 17).

Reinforcing the idea of extra gains, EUR/JPY keeps trading above the immediate support line (off November 19 2020 low) near 126.80, where also coincides the 50-day SMA.

Looking at the broader picture, while above the 200-day SMA at 124.29 the outlook for the cross should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	128.62
Today Daily Change	58
Today Daily Change %	0.02
Today daily open	128.6

Trends
Daily SMA20	127.43
Daily SMA50	126.77
Daily SMA100	125.54
Daily SMA200	124.36

Levels
Previous Daily High	129.52
Previous Daily Low	128.59
Previous Weekly High	129.98
Previous Weekly Low	127.5
Previous Monthly High	129.98
Previous Monthly Low	126.1
Daily Fibonacci 38.2%	128.95
Daily Fibonacci 61.8%	129.17
Daily Pivot Point S1	128.28
Daily Pivot Point S2	127.97
Daily Pivot Point S3	127.35
Daily Pivot Point R1	129.22
Daily Pivot Point R2	129.84
Daily Pivot Point R3	130.15

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.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.