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  • EUR/JPY is extending the sideline theme below the 126.00 handle so far on Monday.
  • In addition, the cross is flirting with the short-term resistance line in the 125.70 area. Extra gains are expected to follow a sustainable break of this hurdle ahead of YTD peaks in the 126.00 neighbourhood.
  • Further north, a convincing breakout of the 126.00 area opens the door for a test of late December highs around 127.00 the figure.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  125.56
       Today Daily change:  44  pips
       Today Daily change %:  0.11%
       Today Daily Open:  125.42
Trends:
       Daily SMA20:  125.09
       Daily SMA50:  125.19
       Daily SMA100:  127
       Daily SMA200:  128.18
Levels:
       Previous Daily High:  125.79
       Previous Daily Low:  125.38
       Previous Weekly High:  125.94
       Previous Weekly Low:  124.7
       Previous Monthly High:  127.07
       Previous Monthly Low:  118.84
       Daily Fibonacci 38.2%:  125.54
       Daily Fibonacci 61.8%:  125.64
       Daily Pivot Point S1:  125.27
       Daily Pivot Point S2:  125.13
       Daily Pivot Point S3:  124.87
       Daily Pivot Point R1:  125.68
       Daily Pivot Point R2:  125.94
       Daily Pivot Point R3:  126.08