EUR/JPY Technical Analysis: Daily gains limited by the 10-day SMA near 120.80

EUR/JPY is trading mostly flat in the second half of the week, with clear support in the 120.40 region for the time being.
Interim resistance emerges at the 10-day SMA at 120.82 ahead of weekly tops in the 121.40 region. The cross should mitigate downside pressuer on a surpass of the key 55-day SMA at 121.80.
The negative view on the cross is also reinforced by the short-term resistance line just below 122.00 the figure.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	120.45
Today Daily Change	33
Today Daily Change %	-0.02
Today daily open	120.47

Trends
Daily SMA20	121.29
Daily SMA50	121.74
Daily SMA100	123.25
Daily SMA200	124.9

Levels
Previous Daily High	121.2
Previous Daily Low	120.34
Previous Weekly High	121.38
Previous Weekly Low	120.04
Previous Monthly High	123.36
Previous Monthly Low	120.04
Daily Fibonacci 38.2%	120.67
Daily Fibonacci 61.8%	120.88
Daily Pivot Point S1	120.14
Daily Pivot Point S2	119.81
Daily Pivot Point S3	119.28
Daily Pivot Point R1	121
Daily Pivot Point R2	121.53
Daily Pivot Point R3	121.86

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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