EUR/JPY Price Analysis: Scope for a test of 121.00

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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

https://editorial.fxstreet.com/miscelaneous/Screen%20Shot%202020-05-29%20at%2013.33.27-637263488892240146.png

EUR/JPY

Overview
Today last price119.4
Today Daily Change61
Today Daily Change %0.13
Today daily open119.25

 

Trends
Daily SMA20116.81
Daily SMA50117.45
Daily SMA100118.78
Daily SMA200119.31

 

Levels
Previous Daily High119.4
Previous Daily Low118.48
Previous Weekly High118.52
Previous Weekly Low115.79
Previous Monthly High119.04
Previous Monthly Low115.45
Daily Fibonacci 38.2%119.05
Daily Fibonacci 61.8%118.83
Daily Pivot Point S1118.69
Daily Pivot Point S2118.13
Daily Pivot Point S3117.78
Daily Pivot Point R1119.6
Daily Pivot Point R2119.95
Daily Pivot Point R3120.51