EUR/JPY Technical Analysis: Bouncing up from ascending 5-day MA


  • EUR/JPY has bounced up from the ascending 5-day MA of 126.32 but is yet to beat the resistance at 126.79 (Monday's high).
  • A close above that would solidify the channel breakout confirmed on Friday and open up upside toward 127.50 (March high).
  • Supporting that bullish case is the upward sloping 5- and 10-day MAs and the bullish crossover of the 10- and 50-day MA. The 14-day relative strength index (RSI) is also reporting bullish conditions with an above-50 print.
  • The cross, however, could fall back to 10-day MA, currently at 125.79, if China's industrial production, Q1 GDP and retail sales figure prints well below estimates, renewing fears of a deeper economic slowdown in the world's second-biggest economy.

Daily chart

Trend: Bullish

EUR/JPY

Overview
Today last price 126.55
Today Daily Change 0.18
Today Daily Change % 0.14
Today daily open 126.37
 
Trends
Daily SMA20 125.25
Daily SMA50 125.48
Daily SMA100 125.8
Daily SMA200 127.63
Levels
Previous Daily High 126.69
Previous Daily Low 126.2
Previous Weekly High 126.78
Previous Weekly Low 124.78
Previous Monthly High 127.52
Previous Monthly Low 123.64
Daily Fibonacci 38.2% 126.38
Daily Fibonacci 61.8% 126.5
Daily Pivot Point S1 126.15
Daily Pivot Point S2 125.92
Daily Pivot Point S3 125.65
Daily Pivot Point R1 126.64
Daily Pivot Point R2 126.91
Daily Pivot Point R3 127.14

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD falls below 1.1250 as US retail sales beat expectations

EUR/USD is trading below 1.1250, extending its slide. US retail sales beat expectations with the control group rising by 0.5% in May on top of upward revisions. US-Sino trade tensions are in play.

EUR/USD News

GBP/USD falls towards 1.2600 after US retail sales

GBP/USD is trading closer to 1.2600, around the weekly lows. US retail sales beat expectations and trade tensions also boost the USD. The UK is bracing for Boris Johnson to become PM. US consumer confidence is next.

GBP/USD News

USD/JPY climbs to mid-108s as 10-year US T-bond yield erases losses

Today's upbeat macroeconomic data releases from the United States provided a boost to the greenback and allowed the USD/JPY pair to advance to a session top of 108.50.

USD/JPY News

Gold surges through $1350 level, highest since April 2018

Gold caught some aggressive bids in the last hour and surged to the highest level since April 2018, around the $1358 region.

Gold News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Alone in the dark of outer space...heading to the Moon

It is almost usual practice of the Crypto market that technical extremes occur at the end of the working week – setting the stage for action over the weekend.

Read more

Majors

Cryptocurrencies

Signatures