EUR/JPY Technical Analysis: A test/breakout of the 126.00 handle remains elusive

The cross was once again rejected from the 126.00 neighbourhood on Wednesday, although it keeps flirting with the short-term resistance line, today at 125.83.
Extra gains will need EUR/JPY to clear the 126.00 area on a convincing fashion.
That said, the next significant hurdle emerges at later-December peaks in the 127.00 region.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 125.55
    Today Daily change: 36 pips
    Today Daily change %: -0.11%
    Today Daily Open: 125.69
Trends:
    Daily SMA20: 124.99
    Daily SMA50: 125.32
    Daily SMA100: 127.11
    Daily SMA200: 128.24
Levels:
    Previous Daily High: 125.94
    Previous Daily Low: 125.34
    Previous Weekly High: 125.54
    Previous Weekly Low: 124.19
    Previous Monthly High: 127.07
    Previous Monthly Low: 118.84
    Daily Fibonacci 38.2%: 125.72
    Daily Fibonacci 61.8%: 125.57
    Daily Pivot Point S1: 125.38
    Daily Pivot Point S2: 125.06
    Daily Pivot Point S3: 124.78
    Daily Pivot Point R1: 125.98
    Daily Pivot Point R2: 126.26
    Daily Pivot Point R3: 126.58

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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