EUR/JPY Technical Analysis: The cross remains firm. Next stop at the 200-day SMA above 122.00

The rally in EUR/JPY remains well in place so far, tracking the solid performance of the European currency and the persistent offered bias in the Japanese safe haven.
The cross has briefly printed fresh 3-month tops in the 121.30/35 band on Thursday, area coincident the late July tops, just to give away some gains afterwards.
However, the near term bullish outlook in the cross looks solid and targets the critical 200-day SMA in the 122.30 region.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	120.96
Today Daily Change	33
Today Daily Change %	0.07
Today daily open	120.87

Trends
Daily SMA20	118.42
Daily SMA50	118.27
Daily SMA100	119.8
Daily SMA200	122.3

Levels
Previous Daily High	121.36
Previous Daily Low	120.33
Previous Weekly High	120.01
Previous Weekly Low	117.08
Previous Monthly High	120.01
Previous Monthly Low	115.86
Daily Fibonacci 38.2%	120.96
Daily Fibonacci 61.8%	120.72
Daily Pivot Point S1	120.35
Daily Pivot Point S2	119.83
Daily Pivot Point S3	119.32
Daily Pivot Point R1	121.37
Daily Pivot Point R2	121.88
Daily Pivot Point R3	122.4

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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