EUR/JPY Technical Analysis: The cross trades on a firm note and targets the resistance line at 118.86

EUR/JPY is picking up further pace on Thursday, navigating in multi-day highs and flirting with the 21-day and 55-day SMAs around 118.30.
Immediately to the upside emerges the short-term resistance line at 118.86. Below this area the bearish view is expected to persist.
If this area is cleared, then the cross could attempt a visit to the 100-day SMA at 119.89 and September’s high in the 120.00 neighbourhood.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	118.3
Today Daily Change	87
Today Daily Change %	0.32
Today daily open	117.92

Trends
Daily SMA20	118.3
Daily SMA50	118.14
Daily SMA100	119.94
Daily SMA200	122.43

Levels
Previous Daily High	118.1
Previous Daily Low	117.16
Previous Weekly High	118.2
Previous Weekly Low	117.07
Previous Monthly High	120.01
Previous Monthly Low	115.86
Daily Fibonacci 38.2%	117.74
Daily Fibonacci 61.8%	117.52
Daily Pivot Point S1	117.36
Daily Pivot Point S2	116.79
Daily Pivot Point S3	116.42
Daily Pivot Point R1	118.29
Daily Pivot Point R2	118.66
Daily Pivot Point R3	119.23

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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