EUR/JPY Price Analysis: Upside stalled just ahead of the 200-day SMA

  • EUR/JPY trims gains after testing the key 200-day SMA near 120.30.
  • The cross remains volatile and keeps looking to risk trends for direction.

Volatility has picked up around EUR/JPY on Monday, always looking to developments from the Chinese coronavirus for near-term direction.

The daily price action saw a test of the boundaries of the 120.30 region, where sits the 200-day SMA, and the proximity of 118.50, area close to the 2020 lows recorded on Friday.

While the cross keeps waiting for a stronger catalyst for price direction, further consolidation should not be ruled out, likely between 121.50 and 118.50.

EUR/JPY daily chart


Today last price 119.36
Today Daily Change 165
Today Daily Change % 0.24
Today daily open 119.08
Daily SMA20 120.01
Daily SMA50 120.86
Daily SMA100 120.76
Daily SMA200 120.32
Previous Daily High 120.76
Previous Daily Low 118.38
Previous Weekly High 121.07
Previous Weekly Low 118.38
Previous Monthly High 121.4
Previous Monthly Low 118.38
Daily Fibonacci 38.2% 119.29
Daily Fibonacci 61.8% 119.85
Daily Pivot Point S1 118.06
Daily Pivot Point S2 117.03
Daily Pivot Point S3 115.68
Daily Pivot Point R1 120.43
Daily Pivot Point R2 121.78
Daily Pivot Point R3 122.81



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