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EUR/JPY Price Analysis: Next target is now at 121.00

EUR/JPY Price Analysis: Next target is now at 121.00

  • EUR/JPY’s rebound meets tough barrier in the 120.00 neighbourhood.
  • If cleared, the cross could revisit the 121.00 mark and beyond.

The march north in EUR/JPY appears to have met a strong barrier in the 120.00 area so far on Monday.

If cleared, the March peaks just above 121.00 the figure should emerge next on the short-term horizon.

While above the 200-day SMA at 119.16, the outlook on the cross is seen as constructive.

EUR/JPY daily chart


Today last price 119.65
Today Daily Change 55
Today Daily Change % -0.09
Today daily open 119.76
Daily SMA20 116.93
Daily SMA50 117.47
Daily SMA100 118.76
Daily SMA200 119.32
Previous Daily High 119.9
Previous Daily Low 118.86
Previous Weekly High 119.9
Previous Weekly Low 117.08
Previous Monthly High 119.9
Previous Monthly Low 114.43
Daily Fibonacci 38.2% 119.5
Daily Fibonacci 61.8% 119.26
Daily Pivot Point S1 119.11
Daily Pivot Point S2 118.47
Daily Pivot Point S3 118.07
Daily Pivot Point R1 120.15
Daily Pivot Point R2 120.54
Daily Pivot Point R3 121.19

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