EUR/JPY Price Analysis: Upside faltered around 122.00

  • EUR/JPY move up met initial hurdle at the 122.00 area.
  • Further up emerges the 2020 high at 124.43 (June 5).

EUR/JPY failed to extend the bullish attempt further north of the 122.00 mark on Monday, sparking the ongoing knee-jerk.

If the buying interest picks up pace, then the yearly tops in the 124.40 region should emerge on the horizon.

As long as the 200-day SMA at 119.65 holds the downside, the outlook on the cross is seen as constructive. This contention area is also reinforced by June’s lows in the 119.30 region.

EUR/JPY daily chart


Today last price 121.38
Today Daily Change 35
Today Daily Change % -0.02
Today daily open 121.4
Daily SMA20 120.79
Daily SMA50 119.09
Daily SMA100 118.85
Daily SMA200 119.71
Previous Daily High 121.97
Previous Daily Low 120.85
Previous Weekly High 121.48
Previous Weekly Low 120.05
Previous Monthly High 124.43
Previous Monthly Low 119.32
Daily Fibonacci 38.2% 121.54
Daily Fibonacci 61.8% 121.28
Daily Pivot Point S1 120.84
Daily Pivot Point S2 120.29
Daily Pivot Point S3 119.72
Daily Pivot Point R1 121.96
Daily Pivot Point R2 122.52
Daily Pivot Point R3 123.08



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