EUR/JPY Technical Analysis: Upside still capped by the 55-day SMA at 122.13

EUR/JPY is attempting a decent rebound to the 121.00 handle amidst some renewed offered tone surrounding the Japanese currency.
The cross, in the meantime, looks well supported in the 120.80/75 band, coincident with June/July lows so far.
In case sellers regain the initiative, there are no relevant levels until 2019 lows in the sub-119.00 zone seen in early January.
Below the 55-day SMA at 122.13 the negative outlook is expected to persist for the time being.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	121
Today Daily Change	39
Today Daily Change %	0.11
Today daily open	120.87

Trends
Daily SMA20	121.82
Daily SMA50	122.06
Daily SMA100	123.64
Daily SMA200	125.24

Levels
Previous Daily High	121.28
Previous Daily Low	120.8
Previous Weekly High	121.86
Previous Weekly Low	120.78
Previous Monthly High	123.18
Previous Monthly Low	120.78
Daily Fibonacci 38.2%	120.99
Daily Fibonacci 61.8%	121.1
Daily Pivot Point S1	120.68
Daily Pivot Point S2	120.5
Daily Pivot Point S3	120.2
Daily Pivot Point R1	121.17
Daily Pivot Point R2	121.47
Daily Pivot Point R3	121.66

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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