EUR/JPY Technical Analysis: Weekly upside capped around 129.00

EUR/JPY is now reverting part of yesterday’s moderate rebound after being rejected once again from the 129.00 neighbourhood.
The cross keeps struggling to break above the key 128.70/129.20 area, where converge the 21-day SMA, the 10-day SMA and weekly peaks.
On the downside, a test of October’s low in the 126.60 region remains well on the cards as long as the resistance line at 129.76 caps the upside.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview:
    Last Price: 128.49
    Daily change: 9.0 pips
    Daily change: 0.0701%
    Daily Open: 128.4
Trends:
    Daily SMA20: 128.7
    Daily SMA50: 129.88
    Daily SMA100: 129.52
    Daily SMA200: 130.15
Levels:
    Daily High: 128.78
    Daily Low: 127.5
    Weekly High: 130.16
    Weekly Low: 128.6
    Monthly High: 132.49
    Monthly Low: 126.63
    Daily Fibonacci 38.2%: 128.29
    Daily Fibonacci 61.8%: 127.98
    Daily Pivot Point S1: 127.67
    Daily Pivot Point S2: 126.94
    Daily Pivot Point S3: 126.39
    Daily Pivot Point R1: 128.95
    Daily Pivot Point R2: 129.5
    Daily Pivot Point R3: 130.23

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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