EUR/JPY Technical Analysis: Euro bulls challenging the 130.00 handle after 350-pip bull-run

EUR/JPY has been trading in a bull leg since October 26.
EUR/JPY is now challenging the 200-period simple moving average (SMA) on the 4-hour chart and 130.22 (October 22 swing high).
A break above the level can open the doors to 131.00 figure. Alternatively, to the downside support is seen near 129.50 and 129.00 figure.

Flavio Tosti Independent Analyst

EUR/JPY 4-hour chart

Resistance 1: 130.00 figure
Resistance 2: 131.00 figure
Resistance 3: 131.90 September 24 low

Support 1: 129.50 figure
Support 2: 129.00 figure
Support 3: 127.61 November 1 low
Support 4: 126.63 October low
Support 5: 126.00 figure

Additional key levels at a glance:

EUR/JPY

Overview:
    Last Price: 129.86
    Daily change: 31 pips
    Daily change: 0.239%
    Daily Open: 129.55
Trends:
    Daily SMA20: 128.89
    Daily SMA50: 129.93
    Daily SMA100: 129.47
    Daily SMA200: 130.32
Levels:
    Daily High: 129.57
    Daily Low: 128.84
    Weekly High: 129.34
    Weekly Low: 127.24
    Monthly High: 132.49
    Monthly Low: 126.63
    Daily Fibonacci 38.2%: 129.3
    Daily Fibonacci 61.8%: 129.12
    Daily Pivot Point S1: 129.07
    Daily Pivot Point S2: 128.59
    Daily Pivot Point S3: 128.34
    Daily Pivot Point R1: 129.8
    Daily Pivot Point R2: 130.05
    Daily Pivot Point R3: 130.53

Author

Flavio Tosti

Independent Analyst

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