EUR/JPY Technical Analysis: Rising odds for a test of 121.00 and beyond

The rally in EUR/JPY remains well in place so far, tracking the solid performance of the European currency and the persistent offered bias in the Japanese safe haven.
The cross quickly left behind the 120.00 neighbourhood and it has now shifted its attention to the 121.00 area and above.
Further up emerges late July peak near 121.40 ahead of the critical 200-day SMA at 122.28.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	120.67
Today Daily Change	44
Today Daily Change %	0.21
Today daily open	120.42

Trends
Daily SMA20	118.34
Daily SMA50	118.22
Daily SMA100	119.81
Daily SMA200	122.32

Levels
Previous Daily High	120.49
Previous Daily Low	119.75
Previous Weekly High	120.01
Previous Weekly Low	117.08
Previous Monthly High	120.01
Previous Monthly Low	115.86
Daily Fibonacci 38.2%	120.21
Daily Fibonacci 61.8%	120.03
Daily Pivot Point S1	119.95
Daily Pivot Point S2	119.48
Daily Pivot Point S3	119.21
Daily Pivot Point R1	120.69
Daily Pivot Point R2	120.96
Daily Pivot Point R3	121.44

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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