EUR/JPY Price Analysis: Upside bias looks unchanged so far

EUR/JPY manages to resume the upside after Thursday’s drop.
The cross faces the next target at 131.60 ahead of 132.17.

Pablo Piovano FXStreet

EUR/JPY regains upside traction and recovers ground lost after Thursday’s noticeable retracement.

Further gains remain on the cards for the time being if the cross surpasses the so far YTD high at 131.60 (January 5). Once cleared, the next hurdle is seen at the Fibo level (of the October-December drop) at 132.17.

While above the 200-day SMA, today at 130.52, the outlook for EUR/JPY should point to extra gains.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	130.91
Today Daily Change	36
Today Daily Change %	0.03
Today daily open	130.87

Trends
Daily SMA20	129.53
Daily SMA50	129.61
Daily SMA100	129.91
Daily SMA200	130.56

Levels
Previous Daily High	131.43
Previous Daily Low	130.64
Previous Weekly High	131.04
Previous Weekly Low	129.54
Previous Monthly High	131.04
Previous Monthly Low	127.38
Daily Fibonacci 38.2%	130.94
Daily Fibonacci 61.8%	131.13
Daily Pivot Point S1	130.53
Daily Pivot Point S2	130.19
Daily Pivot Point S3	129.74
Daily Pivot Point R1	131.32
Daily Pivot Point R2	131.77
Daily Pivot Point R3	132.11

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.

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