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.

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

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD remains depressed but off daily lows

The EUR/USD pair is recovering from a daily low of 1.1216, although holding in negative territory for the day. US preliminary Michigan Consumer Sentiment Index improved by less-than-anticipated in July, coming in at 98.4 vs. the 98.5 expected.

EUR/USD News

GBP/USD trading marginally lower daily basis but above 1.2500

The Pound gave back some of its Thursday’s gain on dollar’s relief. The GBP/USD pair broke a daily descendant trend line coming from June’s high and holds above it, leaving little room for sellers to act.

GBP/USD News

USD/JPY: bears pausing, still in control

Japanese National Inflation steady at 0.7%YoY in June. US Michigan Consumer Sentiment Index expected at 98.5 in July. USD/JPY corrective advance falling short of signaling an interim bottom in place.

USD/JPY News

Gold consolidates around $ 1440, eyes US data for fresh direction

Gold (futures on Comex) extends its side-trend around the 1440 mark into the mid-European session, having stalled its retreat from 2019 highs of 1454 near 1437 region.

Gold News

Something has spooked the Fed

We wish we knew what it is. Wild talk of the US joining Japan and Europe with zero or negative return on the 10-year is or should be very frightening.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •