EUR/JPY Technical Analysis: Upside remains firm. Next stop at the 100-day SMA at 120.90

  • EUR/JPY continues its move north at the end of the week, retaking the 120.00 handle for the first time after August 1st.
  • The cross is now flirting with the multi-month resistance line in the 119.80 zone. A sustainable break above this area should alleviate downside pressure an d allow for extra gains in the near term.
  • The next target on the upside is now located at 120.90, where sits the key 100-day SMA ahead of late July peaks in the 121.40 area.

EUR/JPY daily chart


Today last price 119.76
Today Daily Change 46
Today Daily Change % 0.13
Today daily open 119.6
Daily SMA20 117.83
Daily SMA50 119.3
Daily SMA100 120.96
Daily SMA200 123.28
Previous Daily High 119.83
Previous Daily Low 117.54
Previous Weekly High 118.62
Previous Weekly Low 115.86
Previous Monthly High 120.72
Previous Monthly Low 116.57
Daily Fibonacci 38.2% 118.95
Daily Fibonacci 61.8% 118.42
Daily Pivot Point S1 118.16
Daily Pivot Point S2 116.71
Daily Pivot Point S3 115.88
Daily Pivot Point R1 120.44
Daily Pivot Point R2 121.27
Daily Pivot Point R3 122.72



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