EUR/JPY Technical Analysis: the 200-day SMA above 121.00 remains key

EUR/JPY met some interesting resistance in the 10-day SMA near 121.50.
The continuation of the move up should target the mid-122.00s, recent tops.

Pablo Piovano FXStreet

EUR/JPY is giving away part of Monday’s moderate advance, although a clear breakout of the key 200-day SMA just above the 121.00 handle still remains elusive.

So far, the weekly recovery appears capped by the mid-121.00s, where sits the 10-day SMA. A sustainable breakout of weekly tops should open the door to further upside and along with a potential test of recent tops in the 122.50/65 band.

Further north aligns the peaks recorded during last summer in the 123.30 zone.

EUR/JPY

Overview
Today last price	121.12
Today Daily Change	44
Today Daily Change %	-0.21
Today daily open	121.38

Trends
Daily SMA20	121.54
Daily SMA50	120.86
Daily SMA100	119.75
Daily SMA200	121.06

Levels
Previous Daily High	121.41
Previous Daily Low	120.28
Previous Weekly High	122.49
Previous Weekly Low	120.16
Previous Monthly High	124.2
Previous Monthly Low	119.98
Daily Fibonacci 38.2%	120.98
Daily Fibonacci 61.8%	120.71
Daily Pivot Point S1	120.64
Daily Pivot Point S2	119.89
Daily Pivot Point S3	119.51
Daily Pivot Point R1	121.77
Daily Pivot Point R2	122.16
Daily Pivot Point R3	122.9

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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