EUR/JPY Technical Analysis: Upside keeps targeting the 121.50 area

EUR/JPY extends the upside momentum to the upper-120.00s.
Immediately above emerges the 121.50 area of resistance.

Pablo Piovano FXStreet

EUR/JPY is prolonging the rally for yet another session and is trading at shouting distance from the key 121.00 barrier.

Further upside now targets the October peaks in the mid-121.00s ahead of the critical 200-day SMA in the vicinity of 121.60.

In case sellers return to the market, interim support is located around 120.30, where sits the 21-day SMA.

EUR/JPY

Overview
Today last price	120.76
Today Daily Change	28
Today Daily Change %	0.15
Today daily open	120.58

Trends
Daily SMA20	120.29
Daily SMA50	119.7
Daily SMA100	119.34
Daily SMA200	121.62

Levels
Previous Daily High	120.77
Previous Daily Low	120.4
Previous Weekly High	120.77
Previous Weekly Low	119.68
Previous Monthly High	121.31
Previous Monthly Low	119.24
Daily Fibonacci 38.2%	120.63
Daily Fibonacci 61.8%	120.54
Daily Pivot Point S1	120.4
Daily Pivot Point S2	120.22
Daily Pivot Point S3	120.03
Daily Pivot Point R1	120.77
Daily Pivot Point R2	120.95
Daily Pivot Point R3	121.14

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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