EUR/JPY Technical Analysis: The cross now targets the key 200-day SMA beyond the 128.00 handle

EUR/JPY has regained fresh upside traction and surpassed the key barrier at 127.00 the figure, coincident with later December 2018 peaks.
The continuation of the up move should meet the next significant hurdle above the 128.00 mark, where is located the critical 200-day SMA.
On the broader picture, the constructive outlook in the cross remains unchanged while above the short-term support line, today at 124.55.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 127.14
    Today Daily change: 78 pips
    Today Daily change %: 0.29%
    Today Daily Open: 126.77
Trends:
    Daily SMA20: 125.36
    Daily SMA50: 125.07
    Daily SMA100: 126.85
    Daily SMA200: 128.12
Levels:
    Previous Daily High: 126.92
    Previous Daily Low: 125.88
    Previous Weekly High: 125.94
    Previous Weekly Low: 124.7
    Previous Monthly High: 126.92
    Previous Monthly Low: 124.16
    Daily Fibonacci 38.2%: 126.52
    Daily Fibonacci 61.8%: 126.28
    Daily Pivot Point S1: 126.13
    Daily Pivot Point S2: 125.49
    Daily Pivot Point S3: 125.1
    Daily Pivot Point R1: 127.16
    Daily Pivot Point R2: 127.55
    Daily Pivot Point R3: 128.19

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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