EUR/JPY Technical Analysis: Euro climbs above the 120.00 handle against yen

EUR/JPY has been slowly grinding up since the start of the week.
Resistance is seen at the 120.45/63 price zone.

Flavio Tosti Independent Analyst

EUR/JPY daily chart

EUR/JPY is trading in a downtrend below the 200-day simple moving average (DMA). The market is currently consolidating the October bull run as the market stays capped by the 121.00 handle.

EUR/JPY four-hour chart

The market is grinding up above the 120.00 while challenging the 100 SMA. If the spot holds above 120.15, the current move can extend to the 120.45/63 resistance zone near the 200 SMA, according to Technical Confluences Indicator.

EUR/JPY 30-minute chart

The cross is advancing above its main SMAs, suggesting a bullish bias in the near term. Support is seen at the 120.15 and 119.80 price levels, according to Technical Confluences Indicator.

Additional key levels

EUR/JPY

Overview
Today last price	120.22
Today Daily Change	0.25
Today Daily Change %	0.21
Today daily open	119.97

Trends
Daily SMA20	120.37
Daily SMA50	119.6
Daily SMA100	119.4
Daily SMA200	121.72

Levels
Previous Daily High	120.12
Previous Daily Low	119.68
Previous Weekly High	120.7
Previous Weekly Low	119.66
Previous Monthly High	121.48
Previous Monthly Low	117.07
Daily Fibonacci 38.2%	119.96
Daily Fibonacci 61.8%	119.85
Daily Pivot Point S1	119.72
Daily Pivot Point S2	119.48
Daily Pivot Point S3	119.28
Daily Pivot Point R1	120.17
Daily Pivot Point R2	120.37
Daily Pivot Point R3	120.61

Author

Flavio Tosti

Independent Analyst

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