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EUR/JPY Technical Analysis: The cross is flirting with the 10-day SMA near 120.70

  • EUR/JPY has started the week on a positive note well above the 120.00 mark following two consecutive daily pullbacks on the back of renewed EUR weakness.
  • Further buying impulse should meet the next relevant hurdle at recent tops in the mid-121.00s ahead of the more relevant 200-day SMA at 122.16.
  • The resumption of the selling bias should meet strong support in the 120.00 neighbourhood ahead of the 100-day SMA at 119.71.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price120.56
Today Daily Change28
Today Daily Change %0.10
Today daily open120.44
 
Trends
Daily SMA20119.23
Daily SMA50118.58
Daily SMA100119.74
Daily SMA200122.19
 
Levels
Previous Daily High120.81
Previous Daily Low120.34
Previous Weekly High121.48
Previous Weekly Low120.34
Previous Monthly High120.01
Previous Monthly Low115.86
Daily Fibonacci 38.2%120.52
Daily Fibonacci 61.8%120.63
Daily Pivot Point S1120.25
Daily Pivot Point S2120.07
Daily Pivot Point S3119.79
Daily Pivot Point R1120.72
Daily Pivot Point R2121
Daily Pivot Point R3121.18

Author

Pablo Piovano

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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