EUR/JPY Technical Analysis: Recovery stays firm. Next target at the 55-day SMA at 119.78


  • The recovery in EUR/JPY has already left behind the 10-day SMA and the 21-day SMA at 117.33 and 117.72, respectively.
  • The continuation of the up move could well see the key 55-day SMA at 119.78 re-tested. This important area of resistance is also reinforced by the multi-month resistance line at 120.29.
  • On the downside, the 10-day SMA should offer interim support ahead of 2019 lows in the 115.80 region.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 118.18
Today Daily Change 33
Today Daily Change % 0.14
Today daily open 118.02
 
Trends
Daily SMA20 117.72
Daily SMA50 119.63
Daily SMA100 121.3
Daily SMA200 123.52
Levels
Previous Daily High 118.62
Previous Daily Low 117.26
Previous Weekly High 118.2
Previous Weekly Low 116.57
Previous Monthly High 120.72
Previous Monthly Low 116.57
Daily Fibonacci 38.2% 118.1
Daily Fibonacci 61.8% 117.78
Daily Pivot Point S1 117.32
Daily Pivot Point S2 116.62
Daily Pivot Point S3 115.97
Daily Pivot Point R1 118.67
Daily Pivot Point R2 119.32
Daily Pivot Point R3 120.02

 

 

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