EUR/JPY Technical Analysis: Still depressed near YTD lows in the mid-117.00s

EUR/JPY is flirting with the key barrier at 118.00 today amidst a narrow range and renewed selling pressure in the Japanese currency.
In the very near term, occasional bull runs are expected to meet strong resistance in the 119.52/70 region, where coincide the 21-day SMA and recent peaks.
On the broader view, as long as the 120.99/121.10 band caps the upside, the negative outlook is set persist. In this area converge the 55-day SMA and the 4-month resistance line.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	117.97
Today Daily Change	42
Today Daily Change %	0.09
Today daily open	117.86

Trends
Daily SMA20	119.6
Daily SMA50	121
Daily SMA100	122.5
Daily SMA200	124.35

Levels
Previous Daily High	119
Previous Daily Low	117.62
Previous Weekly High	119.88
Previous Weekly Low	117.68
Previous Monthly High	123.36
Previous Monthly Low	120.04
Daily Fibonacci 38.2%	118.15
Daily Fibonacci 61.8%	118.47
Daily Pivot Point S1	117.32
Daily Pivot Point S2	116.79
Daily Pivot Point S3	115.95
Daily Pivot Point R1	118.7
Daily Pivot Point R2	119.53
Daily Pivot Point R3	120.07

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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