EUR/JPY Technical Analysis: Next target at the 55-day SMA near 119.70

 In Blog

EUR/JPY Technical Analysis: Next target at the 55-day SMA near 119.70

  • EUR/JPY has resumed the upside following Friday’s corrective pullback.
  • Further upside is expected to reach last week’s top at 118.61 (Thursday) ahead of 119.58 (August 13 high).
  • The cross should move above the 55-day SMA at 119.70 and the resistance line at 120.00 to alleviate near term downside pressure.

EUR/JPY daily chart

EUR/JPY

OVERVIEW
Today last price 118.15
Today Daily Change 49
Today Daily Change % 0.22
Today daily open 117.89
TRENDS
Daily SMA20 117.69
Daily SMA50 119.53
Daily SMA100 121.22
Daily SMA200 123.47
LEVELS
Previous Daily High 118.27
Previous Daily Low 117.79
Previous Weekly High 118.62
Previous Weekly Low 115.86
Previous Monthly High 120.72
Previous Monthly Low 116.57
Daily Fibonacci 38.2% 117.97
Daily Fibonacci 61.8% 118.09
Daily Pivot Point S1 117.7
Daily Pivot Point S2 117.5
Daily Pivot Point S3 117.22
Daily Pivot Point R1 118.18
Daily Pivot Point R2 118.46
Daily Pivot Point R3 118.66
Recent Posts

Leave a Comment

0

Start typing and press Enter to search