EUR/JPY Technical Analysis: The cross flirts with the 122.00 handle. The 55-day SMA remains a tough barrier

EUR/JPY keeps the sideline theme in the upper end of the range, advancing for the sixth consecutive session today although still unable to break above 122.00 the figure on a convincing fashion.
Furthermore, the cross needs to surpass the 55-day SMA at 122.51 to alleviate immeidate downside pressure and re-shift its focus to the 123.00 zone and above. Further up emerges July top at 123.35.
In the meantime, the bearish outlook on the cross remains intact below the short-term resistance line, today at 122.78.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	122.01
Today Daily Change	23
Today Daily Change %	-0.08
Today daily open	122.11

Trends
Daily SMA20	121.91
Daily SMA50	122.35
Daily SMA100	123.94
Daily SMA200	125.5

Levels
Previous Daily High	122.16
Previous Daily Low	121.61
Previous Weekly High	123.36
Previous Weekly Low	121.3
Previous Monthly High	123.18
Previous Monthly Low	120.78
Daily Fibonacci 38.2%	121.95
Daily Fibonacci 61.8%	121.82
Daily Pivot Point S1	121.76
Daily Pivot Point S2	121.42
Daily Pivot Point S3	121.22
Daily Pivot Point R1	122.31
Daily Pivot Point R2	122.51
Daily Pivot Point R3	122.85

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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