EUR/JPY Technical Analysis: Eyes 130.00 after range breakout
The EUR/JPY bulls have come out victorious in a two-week-long tug of war with the bears. As a result, the immediate resistance of 130.00 could be put to test before the NY close.
Daily chart
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- As seen above, the pair crossed the upper edge of the narrowing price range yesterday, confirming a symmetrical triangle breakout. Further, it charted a hammer candle yesterday, validating the bullish breakout.
- So, the emboldened bulls could push the pair higher to 130.15 (Nov. 7 high). A convincing move past that level would open up upside toward 132.00.
- A close below yesterday's low of 128.67 would neutralize the bullish setup.
Trend: Bullish
EUR/JPY
Overview:
Today Last Price: 129.15
Today Daily change: 0.0 pips
Today Daily change %: 0.00%
Today Daily Open: 129.15
Trends:
Previous Daily SMA20: 128.82
Previous Daily SMA50: 129.54
Previous Daily SMA100: 129.43
Previous Daily SMA200: 129.86
Levels:
Previous Daily High: 129.26
Previous Daily Low: 128.66
Previous Weekly High: 129.12
Previous Weekly Low: 127.82
Previous Monthly High: 132.49
Previous Monthly Low: 126.63
Previous Daily Fibonacci 38.2%: 128.89
Previous Daily Fibonacci 61.8%: 129.03
Previous Daily Pivot Point S1: 128.79
Previous Daily Pivot Point S2: 128.43
Previous Daily Pivot Point S3: 128.2
Previous Daily Pivot Point R1: 129.38
Previous Daily Pivot Point R2: 129.61
Previous Daily Pivot Point R3: 129.97