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  • The cross is prolonging the correction higher since last week’s multi-day lows in the 124.25/30 band.
  • EUR/JPY now re-targets the 126.00 neighbourhood, where coincide early February peaks and the 10-day SMA.
  • Looking at the broader picture, the upside in the cross appears propped up by the short-term support line at 124.80.

EUR/JPY daily chart


       Today Last Price:  125.53
       Today Daily change:  61  pips
       Today Daily change %:  0.36%
       Today Daily Open:  125.08
       Daily SMA20:  125.68
       Daily SMA50:  125.03
       Daily SMA100:  126.61
       Daily SMA200:  128.07
       Previous Daily High:  125.21
       Previous Daily Low:  124.48
       Previous Weekly High:  127.4
       Previous Weekly Low:  124.26
       Previous Monthly High:  126.92
       Previous Monthly Low:  124.16
       Daily Fibonacci 38.2%:  124.93
       Daily Fibonacci 61.8%:  124.76
       Daily Pivot Point S1:  124.63
       Daily Pivot Point S2:  124.18
       Daily Pivot Point S3:  123.9
       Daily Pivot Point R1:  125.36
       Daily Pivot Point R2:  125.66
       Daily Pivot Point R3:  126.1