EUR/JPY Technical Analysis: Weekly upside limited around 120.70


  • EUR/JPY remains sidelined so far this week below the 121.00 handle.
  • US-China trade effervescence keeps weighing on the cross.

EUR/JPY remains within a multi-session consolidative theme and seems to be tracking the performance of the 21-day SMA, today at 120.43.

The inability of the cross to break above the current consolidation in the short-term carries the potential to spark a move lower with the immediate target at the 119.53/24 band, where coincide the 100-day and 55-day SMAs as well as monthly lows.

In order to alleviate the immediate downside pressure, the cross needs to overcome weekly highs around 120.70. Further up aligns the critical resistance in the 121.50 region.

EUR/JPY

Overview
Today last price 120.05
Today Daily Change 56
Today Daily Change % -0.05
Today daily open 120.11
 
Trends
Daily SMA20 120.46
Daily SMA50 119.58
Daily SMA100 119.44
Daily SMA200 121.78
 
Levels
Previous Daily High 120.58
Previous Daily Low 119.93
Previous Weekly High 120.65
Previous Weekly Low 119.24
Previous Monthly High 121.48
Previous Monthly Low 117.07
Daily Fibonacci 38.2% 120.18
Daily Fibonacci 61.8% 120.33
Daily Pivot Point S1 119.83
Daily Pivot Point S2 119.56
Daily Pivot Point S3 119.18
Daily Pivot Point R1 120.48
Daily Pivot Point R2 120.85
Daily Pivot Point R3 121.13

 

 

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