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  • The persistent weakness around the Japanese safe haven gives extra wings to the cross and pushes it to fresh tops near the 126.60 region, coincident with the 100-day SMA.
  • The continuation of the upside impulse is expected to lift EUR/JPY to the area of 2019 highs further north of 127.00 the figure.
  • Looking at the broader picture, the upside in the cross appears propped up by the short-term support line at 124.33.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  126.52
       Today Daily change:  67  pips
       Today Daily change %:  0.49%
       Today Daily Open:  125.9
Trends:
       Daily SMA20:  125.75
       Daily SMA50:  125.07
       Daily SMA100:  126.56
       Daily SMA200:  128.04
Levels:
       Previous Daily High:  126.06
       Previous Daily Low:  125.54
       Previous Weekly High:  127.4
       Previous Weekly Low:  124.26
       Previous Monthly High:  126.92
       Previous Monthly Low:  124.16
       Daily Fibonacci 38.2%:  125.86
       Daily Fibonacci 61.8%:  125.74
       Daily Pivot Point S1:  125.61
       Daily Pivot Point S2:  125.32
       Daily Pivot Point S3:  125.1
       Daily Pivot Point R1:  126.13
       Daily Pivot Point R2:  126.35
       Daily Pivot Point R3:  126.64