7 Nov 2018
EUR/JPY Technical Analysis: The cross keeps the rally well and sound and is now targets the 200-day SMA at 130.25 and above
- EUR/JPY is advancing for the fifth consecutive session on Wednesday on the back of the upbeat momentum surrounding the European currency.
- Immediate target of the up move remains at the 200-day SMA at 130.25 ahead of late-August peaks around 130.90.
- However, the cross needs to break above the resistance line off YTD tops in order to extend the move higher, today at 132.33.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 129.94
Daily change: 39 pips
Daily change: 0.301%
Daily Open: 129.55
Trends:
Daily SMA20: 128.89
Daily SMA50: 129.93
Daily SMA100: 129.47
Daily SMA200: 130.32
Levels:
Daily High: 129.57
Daily Low: 128.84
Weekly High: 129.34
Weekly Low: 127.24
Monthly High: 132.49
Monthly Low: 126.63
Daily Fibonacci 38.2%: 129.3
Daily Fibonacci 61.8%: 129.12
Daily Pivot Point S1: 129.07
Daily Pivot Point S2: 128.59
Daily Pivot Point S3: 128.34
Daily Pivot Point R1: 129.8
Daily Pivot Point R2: 130.05
Daily Pivot Point R3: 130.53