- EUR / JPY remains on the sidelines around the 126.00 area.
- Immediately to the upside come the 2020 highs just above 127.00.
The neutral stance of several sessions of the EUR/JPY holds good and solid on Wednesday, always around 126.00.
The EUR / JPY entered a consolidation phase following last week’s rejection from highs near 126.70, which at the same time pushed the cross into overbought territory. The breakout of the range allows a move to the 2020 highs at the 127.00 zone (September 1) in the short term.
Looking at the bigger picture, while above the 200-day SMA at 121.72, the outlook should remain constructive. The October low of around 121.60 also reinforces this key buffer zone.
Daily chart
Technical levels
EUR/JPY
| Panorama | |
|---|---|
| Today’s Last Price | 126.18 |
| Today’s Daily Change | 0.07 |
| Today’s Daily Change% | 0.06 |
| Today’s Daily Opening | 126.11 |
| Trends | |
|---|---|
| SMA of 20 Daily | 124.59 |
| SMA of 50 Daily | 124 |
| SMA of 100 Daily | 124.4 |
| 200 SMA Daily | 121.72 |
| Levels | |
|---|---|
| Daily Preview Maximum | 126.26 |
| Daily Previous Minimum | 125.86 |
| Weekly Preview Maximum | 126.68 |
| Weekly Prior Minimum | 124.31 |
| Monthly Previous Maximum | 125.14 |
| Minimum Previous Monthly | 121.7 |
| Daily Fibonacci 38.2% | 126.11 |
| Fibonacci Daily 61.8% | 126.01 |
| Daily Pivot Point S1 | 125.89 |
| Daily Pivot Point S2 | 125.68 |
| Daily Pivot Point S3 | 125.5 |
| Daily Pivot Point R1 | 126.29 |
| Daily Pivot Point R2 | 126.47 |
| Daily Pivot Point R3 | 126.69 |
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