15 Mar 2019
EUR/JPY Technical Analysis: Upside in the cross on its way to 127.00 and above
- Persistent weakness in the Japanese currency is now helping EUR/JPY to advance for yet another session to levels further north of the 126.00 handle.
- If the bullish impulse continues, the cross is expected to re-visit 2019 highs in the mid-127.00s recorded earlier in the month.
- In the meantime, while above the short-term support line at 124.39, the constructive stance on the cross should remain unchanged.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 126.46
Today Daily change: 45 pips
Today Daily change %: 0.15%
Today Daily Open: 126.27
Trends:
Daily SMA20: 125.82
Daily SMA50: 125.15
Daily SMA100: 126.54
Daily SMA200: 128.02
Levels:
Previous Daily High: 126.57
Previous Daily Low: 125.88
Previous Weekly High: 127.4
Previous Weekly Low: 124.26
Previous Monthly High: 126.92
Previous Monthly Low: 124.16
Daily Fibonacci 38.2%: 126.31
Daily Fibonacci 61.8%: 126.15
Daily Pivot Point S1: 125.91
Daily Pivot Point S2: 125.56
Daily Pivot Point S3: 125.23
Daily Pivot Point R1: 126.6
Daily Pivot Point R2: 126.93
Daily Pivot Point R3: 127.28