EUR/JPY Technical Analysis: Recovery could extend to 121.50 and beyond


  • EUR/JPY has reversed Wednesday’s moderate pullback and it has now regained the 121.00 neighbourhood on he back of renewed selling pressure around the yen.
  • A convincing break above the mid-121.00s is needed to allow the cross to visit the 122.00 neighbourhood, where is located the critical 200-day SMA.
  • On the other hand, the 120.30 region is expected to hold occasional bearish attempts. This area of contention is reinforced by the 21-day SMA at 120.57.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 121.07
Today Daily Change 98
Today Daily Change % 0.40
Today daily open 120.59
 
Trends
Daily SMA20 120.55
Daily SMA50 119.07
Daily SMA100 119.65
Daily SMA200 122.04
 
Levels
Previous Daily High 120.98
Previous Daily Low 120.46
Previous Weekly High 121.48
Previous Weekly Low 120.28
Previous Monthly High 121.48
Previous Monthly Low 117.07
Daily Fibonacci 38.2% 120.66
Daily Fibonacci 61.8% 120.78
Daily Pivot Point S1 120.38
Daily Pivot Point S2 120.17
Daily Pivot Point S3 119.87
Daily Pivot Point R1 120.89
Daily Pivot Point R2 121.19
Daily Pivot Point R3 121.4

 

 

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