EUR/JPY Technical Analysis: Upside now targets the 123.00 neighbourhood

EUR/JPY is up for another session and is navigating weekly highs in the 122.80 region, flirting at the same time with the short-term resistance line at 122.87.
The rebound from last week’s lows remains well and sound sustained at the same time by Friday’s bullish ‘outside day’.
Immediately to the upside emerges the next significant hurdle at 123.17, or monthly peaks ahead of 123.75 (May 21 high).

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	122.79
Today Daily Change	45
Today Daily Change %	0.21
Today daily open	122.53

Trends
Daily SMA20	121.94
Daily SMA50	123.03
Daily SMA100	124.27
Daily SMA200	126.05

Levels
Previous Daily High	122.64
Previous Daily Low	121.77
Previous Weekly High	122.13
Previous Weekly Low	120.94
Previous Monthly High	125.24
Previous Monthly Low	120.92
Daily Fibonacci 38.2%	122.31
Daily Fibonacci 61.8%	122.1
Daily Pivot Point S1	121.98
Daily Pivot Point S2	121.44
Daily Pivot Point S3	121.11
Daily Pivot Point R1	122.86
Daily Pivot Point R2	123.19
Daily Pivot Point R3	123.74

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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