EUR/JPY Technical Analysis: Upside looks capped by the 100-day SMA around 119.80

EUR/JPY met some importamt resistance in the 119.80 region on Friday, coincident with the 10-day SMA and fresh multi-week highs.
A break above this key level should open the door for a test of September’s peak just beyond 120.00 the figure.
The continuation of the bullish momentum could impulse the cross to the next target at July’s high at 123.35.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	119.45
Today Daily Change	52
Today Daily Change %	-0.16
Today daily open	119.64

Trends
Daily SMA20	118.25
Daily SMA50	118.16
Daily SMA100	119.88
Daily SMA200	122.39

Levels
Previous Daily High	120.01
Previous Daily Low	118.72
Previous Weekly High	120.01
Previous Weekly Low	117.08
Previous Monthly High	120.01
Previous Monthly Low	115.86
Daily Fibonacci 38.2%	119.51
Daily Fibonacci 61.8%	119.21
Daily Pivot Point S1	118.9
Daily Pivot Point S2	118.16
Daily Pivot Point S3	117.6
Daily Pivot Point R1	120.19
Daily Pivot Point R2	120.75
Daily Pivot Point R3	121.48

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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