22 Feb 2019
EUR/JPY Technical Analysis: The cross is now targeting YTD peaks in the 126.00 area
- EUR/JPY is reverting yesterday’s pullback and is extending at the same time the sideline theme in the upper end of the range, still below the 126.00 handle.
- The short-term resistance line at 125.82 still caps the upside somewhat, although a breakout of this area should pave the way for a new visit to yearly peaks in the 126.00 region.
- A convincing break above the 126.00 handle opens the door for a test of late December tops around 127.00 the figure.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 125.71
Today Daily change: 36 pips
Today Daily change %: 0.16%
Today Daily Open: 125.51
Trends:
Daily SMA20: 125.07
Daily SMA50: 125.25
Daily SMA100: 127.05
Daily SMA200: 128.21
Levels:
Previous Daily High: 125.88
Previous Daily Low: 125.32
Previous Weekly High: 125.54
Previous Weekly Low: 124.19
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 125.53
Daily Fibonacci 61.8%: 125.66
Daily Pivot Point S1: 125.26
Daily Pivot Point S2: 125.01
Daily Pivot Point S3: 124.7
Daily Pivot Point R1: 125.82
Daily Pivot Point R2: 126.13
Daily Pivot Point R3: 126.38