EUR/JPY Technical Analysis: Looks consolidative below 121.50 in the near term

EUR/JPY is now extending the sideline trading below recent tops in the 121.50 region on the back of alternating risk appetite trends.
Further buying impulse should meet the next relevant hurdle at recent tops in the mid-121.00s ahead of the more relevant 200-day SMA at 122.18.
The resumption of the selling bias should meet decent contention at late September peaks in the 120.00 neighbourhood. This area of support is reinforced by the proximity of the 100-day SMA at 119.73.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	120.76
Today Daily Change	24
Today Daily Change %	0.12
Today daily open	120.61

Trends
Daily SMA20	119.11
Daily SMA50	118.53
Daily SMA100	119.76
Daily SMA200	122.22

Levels
Previous Daily High	121.39
Previous Daily Low	120.42
Previous Weekly High	121.36
Previous Weekly Low	119.12
Previous Monthly High	120.01
Previous Monthly Low	115.86
Daily Fibonacci 38.2%	120.79
Daily Fibonacci 61.8%	121.02
Daily Pivot Point S1	120.22
Daily Pivot Point S2	119.84
Daily Pivot Point S3	119.25
Daily Pivot Point R1	121.19
Daily Pivot Point R2	121.78
Daily Pivot Point R3	122.16

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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