EUR/JPY Technical Analysis: Upside capped by the resistance line at 126.68

  • The cross is extending the promising start of the week and is now regaining the mid-124.00s after bottoming out in the 123.85/80 band on Friday.
  • Initial target on the upside emerges at t he 55-day SMA at 125.23 ahead of the 100-day SMA at 126.35.
  • While below the short-term resistance line, today at 126.68, EUR/JPY is expected to remain under further downside pressure.

EUR/JPY  daily chart


Today last price 124.56
Today Daily Change 47
Today Daily Change % 0.14
Today daily open 124.39
Daily SMA20 125.92
Daily SMA50 125.33
Daily SMA100 126.36
Daily SMA200 127.91
Previous Daily High 124.82
Previous Daily Low 123.88
Previous Weekly High 126.79
Previous Weekly Low 123.82
Previous Monthly High 126.92
Previous Monthly Low 124.16
Daily Fibonacci 38.2% 124.46
Daily Fibonacci 61.8% 124.24
Daily Pivot Point S1 123.91
Daily Pivot Point S2 123.42
Daily Pivot Point S3 122.97
Daily Pivot Point R1 124.85
Daily Pivot Point R2 125.31
Daily Pivot Point R3 125.79


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