EUR/JPY Technical Analysis: Daily gains lost momentum near 119.00

EUR/JPY attempted a move higher during early trade, although the attempt lacked of follow through and faltered around the 119.00 mark.
In the very near term, occasional bull runs are expected to meet strong resistance in the 119.70 region, where coincide recent peaks and the 21-day SMA.
On the broader view, as long as the 121.05/20 band caps the upside, the negative outlook is set persist. In this area converge the 55-day SMA and the 4-month resistance line.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	118.02
Today Daily Change	121
Today Daily Change %	0.04
Today daily open	117.97

Trends
Daily SMA20	119.76
Daily SMA50	121.08
Daily SMA100	122.56
Daily SMA200	124.41

Levels
Previous Daily High	119.3
Previous Daily Low	117.78
Previous Weekly High	119.88
Previous Weekly Low	117.68
Previous Monthly High	123.36
Previous Monthly Low	120.04
Daily Fibonacci 38.2%	118.36
Daily Fibonacci 61.8%	118.71
Daily Pivot Point S1	117.4
Daily Pivot Point S2	116.83
Daily Pivot Point S3	115.88
Daily Pivot Point R1	118.92
Daily Pivot Point R2	119.87
Daily Pivot Point R3	120.44

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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