The EUR/JPY pair trades near 127.30 during early Monday. The pair successfully trades beyond 100-day simple moving average (SMA) for the first time in a year but is yet to clear the 127.50-60 resistance-region, including 61.8% Fibonacci retracement of its September – January south-run. Should prices manage to conquer 127.60 upside barrier, 200-day SMA level of 128.15 is likely another stop that can challenge buyers. During the pair’s rise after 128.15, 129.30 and 130.00 might become bulls’ favorites. Meanwhile, 100-day SMA level of 126.85 can act as immediate support for the pair, a break of which can print 126.40 on the chart. However, 50% Fibonacci and an upward sloping support-line joining the lows of February 15 and 27 could limit the quote’s downside at 125.85. It should also be noted that bears’ dominance past-125.85 might not hesitate to flash 125.00 as a quote. EUR/JPY daily chart Additional important levels: Overview: Today Last Price: 127.26 Today Daily change: 1 pips Today Daily change %: 0.01% Today Daily Open: 127.25 Trends: Daily SMA20: 125.45 Daily SMA50: 125.08 Daily SMA100: 126.83 Daily SMA200: 128.12 Levels: Previous Daily High: 127.52 Previous Daily Low: 126.6 Previous Weekly High: 127.52 Previous Weekly Low: 125.38 Previous Monthly High: 126.92 Previous Monthly Low: 124.16 Daily Fibonacci 38.2%: 127.17 Daily Fibonacci 61.8%: 126.96 Daily Pivot Point S1: 126.73 Daily Pivot Point S2: 126.21 Daily Pivot Point S3: 125.81 Daily Pivot Point R1: 127.65 Daily Pivot Point R2: 128.04 Daily Pivot Point R3: 128.56 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s ForeignMin: Moving towards better IP protection in China FX Street 4 years The EUR/JPY pair trades near 127.30 during early Monday. The pair successfully trades beyond 100-day simple moving average (SMA) for the first time in a year but is yet to clear the 127.50-60 resistance-region, including 61.8% Fibonacci retracement of its September - January south-run. Should prices manage to conquer 127.60 upside barrier, 200-day SMA level of 128.15 is likely another stop that can challenge buyers. During the pair's rise after 128.15, 129.30 and 130.00 might become bulls' favorites. Meanwhile, 100-day SMA level of 126.85 can act as immediate support for the pair, a break of which can print 126.40 on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
