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EUR/JPY Technical Analysis: The cross is flirting with the 100-day SMA near 126.60

  • The persistent weakness around the Japanese safe haven gives extra wings to the cross and pushes it to fresh tops near the 126.60 region, coincident with the 100-day SMA.
  • The continuation of the upside impulse is expected to lift EUR/JPY to the area of 2019 highs further north of 127.00 the figure.
  • Looking at the broader picture, the upside in the cross appears propped up by the short-term support line at 124.33.

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 126.52
    Today Daily change: 67 pips
    Today Daily change %: 0.49%
    Today Daily Open: 125.9
Trends:
    Daily SMA20: 125.75
    Daily SMA50: 125.07
    Daily SMA100: 126.56
    Daily SMA200: 128.04
Levels:
    Previous Daily High: 126.06
    Previous Daily Low: 125.54
    Previous Weekly High: 127.4
    Previous Weekly Low: 124.26
    Previous Monthly High: 126.92
    Previous Monthly Low: 124.16
    Daily Fibonacci 38.2%: 125.86
    Daily Fibonacci 61.8%: 125.74
    Daily Pivot Point S1: 125.61
    Daily Pivot Point S2: 125.32
    Daily Pivot Point S3: 125.1
    Daily Pivot Point R1: 126.13
    Daily Pivot Point R2: 126.35
    Daily Pivot Point R3: 126.64

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