EUR/JPY Price Analysis: Scope for a test of 121.00


  • EUR/JPY’s rebound surpasses the key 119.00 mark on Friday.
  • Immediately above emerges the March’s peak around 121.00.

The march north in EUR/JPY remains unabated and it has already left behind the 119.00 yardstick.

The cross is now flirting with the key 4-month resistance line in the mid-119.00s, which has so far offered decent resistance.

If bulls keep pushing higher and surpass this line then the March tops in the 121.00 neighbourhood should become the next target of relevance.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 119.4
Today Daily Change 61
Today Daily Change % 0.13
Today daily open 119.25
 
Trends
Daily SMA20 116.81
Daily SMA50 117.45
Daily SMA100 118.78
Daily SMA200 119.31
 
Levels
Previous Daily High 119.4
Previous Daily Low 118.48
Previous Weekly High 118.52
Previous Weekly Low 115.79
Previous Monthly High 119.04
Previous Monthly Low 115.45
Daily Fibonacci 38.2% 119.05
Daily Fibonacci 61.8% 118.83
Daily Pivot Point S1 118.69
Daily Pivot Point S2 118.13
Daily Pivot Point S3 117.78
Daily Pivot Point R1 119.6
Daily Pivot Point R2 119.95
Daily Pivot Point R3 120.51

 

 

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