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  • EUR/JPY has resumed its march north after Friday’s lack of direction and is now flirting with the 100-day SMA in the mid-126.00s.
  • The continuation of the upside momentum should see the 127.50, or fresh YTD highs, revisited in the near term.
  • In the meantime, while above the short-term support line at 124.39, the constructive stance on the cross should remain unchanged.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  126.54
       Today Daily change:  39  pips
       Today Daily change %:  0.23%
       Today Daily Open:  126.25
Trends:
       Daily SMA20:  125.9
       Daily SMA50:  125.2
       Daily SMA100:  126.53
       Daily SMA200:  128.01
Levels:
       Previous Daily High:  126.58
       Previous Daily Low:  126.12
       Previous Weekly High:  126.58
       Previous Weekly Low:  124.48
       Previous Monthly High:  126.92
       Previous Monthly Low:  124.16
       Daily Fibonacci 38.2%:  126.29
       Daily Fibonacci 61.8%:  126.4
       Daily Pivot Point S1:  126.05
       Daily Pivot Point S2:  125.85
       Daily Pivot Point S3:  125.58
       Daily Pivot Point R1:  126.52
       Daily Pivot Point R2:  126.78
       Daily Pivot Point R3:  126.98