EUR/JPY Price Analysis: Shifts the focus to the 200-day SMA
by Pablo Piovano- EUR/JPY extends the advance to the proximity of the 119.00 mark.
- Immediately to the upside emerges the target at 119.24.
EUR/JPY is extending the bounce off recent lows in the 117.00 neighbourhood and is trading at shouting distance from the key barrier at 119.00 the figure.
If buyers keep pushing higher, then there is scope for a potential test of April’s peak around 119.00 ahead of the critical 200-day SMA, today at 119.24.
Further up emerges the March’s highs just beyond the 121.00 yardstick.
EUR/JPY daily chart
EUR/JPY
| Overview | |
|---|---|
| Today last price | 118.75 |
| Today Daily Change | 110 |
| Today Daily Change % | 0.51 |
| Today daily open | 118.15 |
| Trends | |
|---|---|
| Daily SMA20 | 116.59 |
| Daily SMA50 | 117.42 |
| Daily SMA100 | 118.83 |
| Daily SMA200 | 119.3 |
| Levels | |
|---|---|
| Previous Daily High | 118.34 |
| Previous Daily Low | 117.34 |
| Previous Weekly High | 118.52 |
| Previous Weekly Low | 115.79 |
| Previous Monthly High | 119.04 |
| Previous Monthly Low | 115.45 |
| Daily Fibonacci 38.2% | 117.95 |
| Daily Fibonacci 61.8% | 117.72 |
| Daily Pivot Point S1 | 117.54 |
| Daily Pivot Point S2 | 116.94 |
| Daily Pivot Point S3 | 116.54 |
| Daily Pivot Point R1 | 118.54 |
| Daily Pivot Point R2 | 118.94 |
| Daily Pivot Point R3 | 119.55 |