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  • The EUR/JPY pair continues to move with a bullish bias, now with overbought readings favoring some consolidation ahead, but still the positive momentum remains elevated after the breakout of key resistance levels.  
  • Support levels are seen at 126.65 and 126.30.

EUR/JPY 1-hour chart

EUR/JPY

  • The euro broke another key resistance and gained more support. The next target is seen at 127.00, and above 127.15 it would target 127.60/65.  
  • Critical support for the bullish outlook stands at 125.50.

EUR/JPY Daily chart  
EUR/JPY

EUR/JPY

Overview:
       Today Last Price:  126.84
       Today Daily change:  0.63  pips
       Today Daily change %:  0.50%
       Today Daily Open:  126.21
Trends:
       Daily SMA20:  125.25
       Daily SMA50:  125.08
       Daily SMA100:  126.89
       Daily SMA200:  128.12
Levels:
       Previous Daily High:  126.35
       Previous Daily Low:  125.52
       Previous Weekly High:  125.94
       Previous Weekly Low:  124.7
       Previous Monthly High:  127.07
       Previous Monthly Low:  118.84
       Daily Fibonacci 38.2%:  126.04
       Daily Fibonacci 61.8%:  125.84
       Daily Pivot Point S1:  125.71
       Daily Pivot Point S2:  125.2
       Daily Pivot Point S3:  124.88
       Daily Pivot Point R1:  126.53
       Daily Pivot Point R2:  126.85
       Daily Pivot Point R3:  127.36