EUR/JPY Technical Analysis: Further rangebound looks likely near term


  • EUR/JPY is prolonging the sideline theme in the upper-120.00s always on the back of the persistent selling mood surrounding both the Japanese yen and the single currency.
  • The cross needs to break above the mid-121.00s to allow a visit to the 122.00 neighbourhood, where is located the critical 200-day SMA.
  • On the other hand, the 120.00 area is expected to hold occasional pullbacks. This area of contention is reinforced by the 100-day SMA at 119.62.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 120.78
Today Daily Change 27
Today Daily Change % 0.06
Today daily open 120.71
 
Trends
Daily SMA20 120.65
Daily SMA50 119.13
Daily SMA100 119.64
Daily SMA200 122.02
 
Levels
Previous Daily High 121.12
Previous Daily Low 120.14
Previous Weekly High 121.48
Previous Weekly Low 120.28
Previous Monthly High 121.48
Previous Monthly Low 117.07
Daily Fibonacci 38.2% 120.74
Daily Fibonacci 61.8% 120.51
Daily Pivot Point S1 120.19
Daily Pivot Point S2 119.67
Daily Pivot Point S3 119.21
Daily Pivot Point R1 121.17
Daily Pivot Point R2 121.63
Daily Pivot Point R3 122.15

 

 

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