EUR/JPY Technical Analysis: Next target at the 55-day SMA near 119.70

EUR/JPY has resumed the upside following Friday’s corrective pullback.
Further upside is expected to reach last week’s top at 118.61 (Thursday) ahead of 119.58 (August 13 high).
The cross should move above the 55-day SMA at 119.70 and the resistance line at 120.00 to alleviate near term downside pressure.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	118.15
Today Daily Change	49
Today Daily Change %	0.22
Today daily open	117.89

Trends
Daily SMA20	117.69
Daily SMA50	119.53
Daily SMA100	121.22
Daily SMA200	123.47

Levels
Previous Daily High	118.27
Previous Daily Low	117.79
Previous Weekly High	118.62
Previous Weekly Low	115.86
Previous Monthly High	120.72
Previous Monthly Low	116.57
Daily Fibonacci 38.2%	117.97
Daily Fibonacci 61.8%	118.09
Daily Pivot Point S1	117.7
Daily Pivot Point S2	117.5
Daily Pivot Point S3	117.22
Daily Pivot Point R1	118.18
Daily Pivot Point R2	118.46
Daily Pivot Point R3	118.66

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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