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  • 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:

       Today Last Price:  127.26
       Today Daily change:  1  pips
       Today Daily change %:  0.01%
       Today Daily Open:  127.25
       Daily SMA20:  125.45
       Daily SMA50:  125.08
       Daily SMA100:  126.83
       Daily SMA200:  128.12
       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