EUR/JPY Price Analysis: Upside still capped by 126.50

EUR/JPY remains within a consolidative range below the 126.00 mark.
There is an interim resistance at the post-ECB high near 126.50.

Pablo Piovano FXStreet

EUR/JPY is prolonging the choppy trade below the 126.00 mark so far this week.

Bulls need to surpass last week’s top near 126.50 to allow for another attempt to visit the 2020 highs just beyond 127.00 the figure recorded on September 1.

The positive stance on EUR/JPY is forecasted to remain unaltered as long as the 200-day SMA, today at 120.80, holds the downside.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	125.71
Today Daily Change	43
Today Daily Change %	0.20
Today daily open	125.46

Trends
Daily SMA20	125.59
Daily SMA50	124.45
Daily SMA100	121.77
Daily SMA200	120.82

Levels
Previous Daily High	125.9
Previous Daily Low	125.29
Previous Weekly High	126.46
Previous Weekly Low	124.43
Previous Monthly High	126.85
Previous Monthly Low	123.99
Daily Fibonacci 38.2%	125.52
Daily Fibonacci 61.8%	125.67
Daily Pivot Point S1	125.2
Daily Pivot Point S2	124.94
Daily Pivot Point S3	124.58
Daily Pivot Point R1	125.81
Daily Pivot Point R2	126.16
Daily Pivot Point R3	126.42

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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