EUR/JPY Technical Analysis: Upside regains traction. Next target at the 21-day SMA at 118.20

EUR/JPY is adding to yesterday’s gains and is now looking to challenge the interim hurdle at the 10-day SMA in the 117.60 zone.
Further up lies the 21-day SMA at 118.18. Beyond this area the cross is expected to attempt a visit to mid-August peak at 119.58.
The inability to regain serious upside traction and the persistent uncertainty around the United States-China trade war and its effects on the safe havens keeps the cross under almost permanent pressure. That said, another visit to yearly lows in the 116.50 region should not be ruled out for the time being.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	117.67
Today Daily Change	49
Today Daily Change %	0.09
Today daily open	117.56

Trends
Daily SMA20	118.22
Daily SMA50	120.22
Daily SMA100	121.84
Daily SMA200	123.87

Levels
Previous Daily High	117.68
Previous Daily Low	117.1
Previous Weekly High	118.48
Previous Weekly Low	117.26
Previous Monthly High	123.36
Previous Monthly Low	120.04
Daily Fibonacci 38.2%	117.46
Daily Fibonacci 61.8%	117.32
Daily Pivot Point S1	117.21
Daily Pivot Point S2	116.86
Daily Pivot Point S3	116.62
Daily Pivot Point R1	117.8
Daily Pivot Point R2	118.04
Daily Pivot Point R3	118.39

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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