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.

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

 

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