EUR/JPY Price Analysis: Scope for a test of 121.00
by Pablo Piovano- EUR/JPY’s rebound surpasses the key 119.00 mark on Friday.
- Immediately above emerges the March’s peak around 121.00.
The march north in EUR/JPY remains unabated and it has already left behind the 119.00 yardstick.
The cross is now flirting with the key 4-month resistance line in the mid-119.00s, which has so far offered decent resistance.
If bulls keep pushing higher and surpass this line then the March tops in the 121.00 neighbourhood should become the next target of relevance.
EUR/JPY daily chart
EUR/JPY
| Overview | |
|---|---|
| Today last price | 119.4 |
| Today Daily Change | 61 |
| Today Daily Change % | 0.13 |
| Today daily open | 119.25 |
| Trends | |
|---|---|
| Daily SMA20 | 116.81 |
| Daily SMA50 | 117.45 |
| Daily SMA100 | 118.78 |
| Daily SMA200 | 119.31 |
| Levels | |
|---|---|
| Previous Daily High | 119.4 |
| Previous Daily Low | 118.48 |
| Previous Weekly High | 118.52 |
| Previous Weekly Low | 115.79 |
| Previous Monthly High | 119.04 |
| Previous Monthly Low | 115.45 |
| Daily Fibonacci 38.2% | 119.05 |
| Daily Fibonacci 61.8% | 118.83 |
| Daily Pivot Point S1 | 118.69 |
| Daily Pivot Point S2 | 118.13 |
| Daily Pivot Point S3 | 117.78 |
| Daily Pivot Point R1 | 119.6 |
| Daily Pivot Point R2 | 119.95 |
| Daily Pivot Point R3 | 120.51 |