EUR/JPY Technical Analysis: Further upside in the cross appears limited around 125.00

There is no change in the neutral stance on EUR/JPY, as it is expected to extend the current multi-session sideline theme for the time being, always capped by the critical 125.00 neighbourhood.
A convincing break above this important area of resistance should put the 127.00 region (late December peaks) back to the radar.
In the meantime, the current consolidative stance is seen unchanged as long as the 123.39 level contains the downside (low January 15).

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 125.01
    Today Daily change: -0.08 pips
    Today Daily change %: -0.06%
    Today Daily Open: 125.09
Trends:
    Daily SMA20: 124.43
    Daily SMA50: 126.38
    Daily SMA100: 128.1
    Daily SMA200: 128.69
Levels:
    Previous Daily High: 125.47
    Previous Daily Low: 124.88
    Previous Weekly High: 125.32
    Previous Weekly Low: 123.78
    Previous Monthly High: 129.3
    Previous Monthly Low: 125.36
    Daily Fibonacci 38.2%: 125.24
    Daily Fibonacci 61.8%: 125.1
    Daily Pivot Point S1: 124.82
    Daily Pivot Point S2: 124.55
    Daily Pivot Point S3: 124.22
    Daily Pivot Point R1: 125.41
    Daily Pivot Point R2: 125.74
    Daily Pivot Point R3: 126.01

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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