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 1^st.
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.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	119.76
Today Daily Change	46
Today Daily Change %	0.13
Today daily open	119.6

Trends
Daily SMA20	117.83
Daily SMA50	119.3
Daily SMA100	120.96
Daily SMA200	123.28

Levels
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

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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