EUR/JPY Price Analysis: Upside stalled just ahead of 121.50


  • EUR/JPY is now seeing some correction following the test of 121.00.
  • Immediately to the upside emerges the February’s top near 121.50.

After printing multi-week tops beyond 121.00 the figure, EUR/JPY has now come under some selling pressure to the 120.40 region at the time of writing.

The cross has broken above the critical 200-day SMA in the 120.00 neighbourhood and in doing so it has opened the door for a potential move to, initially, the February’s peak near 121.50. Further up emerges the 2020 high near 122.90 (January 16th).

As long as the 200-day SMA, today at 120.02, holds the downside, there is still scope for the continuation of the rally.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 120.33
Today Daily Change 93
Today Daily Change % -0.57
Today daily open 121.02
 
Trends
Daily SMA20 119.08
Daily SMA50 119.9
Daily SMA100 120.45
Daily SMA200 120.05
 
Levels
Previous Daily High 121.15
Previous Daily Low 119.52
Previous Weekly High 119.69
Previous Weekly Low 116.9
Previous Monthly High 121.4
Previous Monthly Low 118.38
Daily Fibonacci 38.2% 120.53
Daily Fibonacci 61.8% 120.14
Daily Pivot Point S1 119.98
Daily Pivot Point S2 118.93
Daily Pivot Point S3 118.35
Daily Pivot Point R1 121.61
Daily Pivot Point R2 122.19
Daily Pivot Point R3 123.24

 

 

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