EUR/JPY Price Analysis: Solid resistance emerged at 130.00


  • EUR/JPY corrects lower after hitting 130.00 on Thursday.
  • Above 130.00 comes in the November 2018 high at 130.14.

EUR/JPY run into some selling pressure following Thursday’s new 2021 highs in the 130.00 neighbourhood.

If bulls regain control in the near-term, the a move above the 130.00 mark should put the 130.14 level (November 7 2018) back on the radar 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 126.65, where also coincides the 55-day SMA.

Looking at the broader picture, while above the 200-day SMA at 124.24 the outlook for the cross should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 128.68
Today Daily Change 89
Today Daily Change % -0.44
Today daily open 129.25
 
Trends
Daily SMA20 127.35
Daily SMA50 126.72
Daily SMA100 125.5
Daily SMA200 124.3
 
Levels
Previous Daily High 129.98
Previous Daily Low 128.74
Previous Weekly High 128.46
Previous Weekly Low 127.1
Previous Monthly High 127.49
Previous Monthly Low 125.09
Daily Fibonacci 38.2% 129.5
Daily Fibonacci 61.8% 129.21
Daily Pivot Point S1 128.67
Daily Pivot Point S2 128.09
Daily Pivot Point S3 127.43
Daily Pivot Point R1 129.91
Daily Pivot Point R2 130.56
Daily Pivot Point R3 131.14

 

 

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