EUR/JPY Technical Analysis: Upside in the cross on its way to 127.00 and above

Persistent weakness in the Japanese currency is now helping EUR/JPY to advance for yet another session to levels further north of the 126.00 handle.
If the bullish impulse continues, the cross is expected to re-visit 2019 highs in the mid-127.00s recorded earlier in the month.
In the meantime, while above the short-term support line at 124.39, the constructive stance on the cross should remain unchanged.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 126.46
    Today Daily change: 45 pips
    Today Daily change %: 0.15%
    Today Daily Open: 126.27
Trends:
    Daily SMA20: 125.82
    Daily SMA50: 125.15
    Daily SMA100: 126.54
    Daily SMA200: 128.02
Levels:
    Previous Daily High: 126.57
    Previous Daily Low: 125.88
    Previous Weekly High: 127.4
    Previous Weekly Low: 124.26
    Previous Monthly High: 126.92
    Previous Monthly Low: 124.16
    Daily Fibonacci 38.2%: 126.31
    Daily Fibonacci 61.8%: 126.15
    Daily Pivot Point S1: 125.91
    Daily Pivot Point S2: 125.56
    Daily Pivot Point S3: 125.23
    Daily Pivot Point R1: 126.6
    Daily Pivot Point R2: 126.93
    Daily Pivot Point R3: 127.28

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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