- EUR/JPY extends the upside to the neighborhood of 134.00.
- The immediate target for the bulls emerges at the 2021 high (134.12).
The EUR/JPY advanced for the third session in a row, although a break of 134.00 remains elusive for now.
The cross quickly outpaced the previous yearly high beyond 133.00 (March 10), although the subsequent upside attempt lost stability just before 134.00. Therefore, the door remains open for a possible visit to the 2021 high at 134.12 (June 1).
Meanwhile, although above the 200-day SMA (129.98), the outlook for the cross is expected to remain constructive.
EUR/JPY daily chart
Technical levels
EUR/JPY
| Panorama | |
|---|---|
| Last Price Today | 133.8 |
| Today’s Daily Change | 0.47 |
| Today’s Daily Change % | 0.35 |
| Today’s Daily Opening | 133.33 |
| Trends | |
|---|---|
| 20 Daily SMA | 129.22 |
| 50 Daily SMA | 129.84 |
| 100 Daily SMA | 129.68 |
| 200 Daily SMA | 130.01 |
| levels | |
|---|---|
| Previous Daily High | 133.9 |
| Previous Daily Minimum | 132.33 |
| Previous Maximum Weekly | 131.92 |
| Previous Weekly Minimum | 127.98 |
| Monthly Prior Maximum | 133.15 |
| Previous Monthly Minimum | 127.92 |
| Daily Fibonacci 38.2% | 133.3 |
| Daily Fibonacci 61.8% | 132.93 |
| Daily Pivot Point S1 | 132.48 |
| Daily Pivot Point S2 | 131.62 |
| Daily Pivot Point S3 | 130.91 |
| Daily Pivot Point R1 | 134.04 |
| Daily Pivot Point R2 | 134.75 |
| Daily Pivot Point R3 | 135.61 |
Source: Fx Street
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