EUR/JPY Technical Analysis: Ready to tackle 132.00 and beyond

The cross is prolonging the rally above 131.00 the figure, surpassing the 200-day SMA at 131.08 and opening the door for a potential visit to July’s peak just above the 132.00 mark.
Further north of the 132.00 neighbourhood lies April’s tops in the mid-133.00s.
Furthermore, EUR/JPY appears supported by the short-term support line off August’s low, today at 129.18.

Pablo Piovano FXStreet

EUR/JPY daily chart

Daily high: 131.85

Daily low: 130.91

Support Levels

S1: 130.67

S2: 130.26

S3: 129.74

Resistance Levels

R1: 131.59

R2: 132.11

R3: 132.51

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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