EUR/JPY Technical Analysis: The cross is flirting with the resistance line near 126.70

The cross is prolonging the consolidation theme above the 126.00 milestone for the time being, testing the key resistance line near 126.70.
Once and if cleared, the next target to the upside should be YTD highs in the mid-127.00s ahead of the key 200-day SMA at 127.64.
On the downside, the 125.80/30 band offers solid contention, coincident with the 10-, 100-, 55- and 21-day SMAs.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	126.64
Today Daily Change	45
Today Daily Change %	0.21
Today daily open	126.37

Trends
Daily SMA20	125.25
Daily SMA50	125.48
Daily SMA100	125.8
Daily SMA200	127.63

Levels
Previous Daily High	126.69
Previous Daily Low	126.2
Previous Weekly High	126.78
Previous Weekly Low	124.78
Previous Monthly High	127.52
Previous Monthly Low	123.64
Daily Fibonacci 38.2%	126.38
Daily Fibonacci 61.8%	126.5
Daily Pivot Point S1	126.15
Daily Pivot Point S2	125.92
Daily Pivot Point S3	125.65
Daily Pivot Point R1	126.64
Daily Pivot Point R2	126.91
Daily Pivot Point R3	127.14

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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