EUR/JPY Technical Analysis: Euro confirms bullish bias after breaking another critical resistance
- The EUR/JPY pair continues to move with a bullish bias, now with overbought readings favoring some consolidation ahead, but still the positive momentum remains elevated after the breakout of key resistance levels.
- Support levels are seen at 126.65 and 126.30.
EUR/JPY 1-hour chart
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- The euro broke another key resistance and gained more support. The next target is seen at 127.00, and above 127.15 it would target 127.60/65.
- Critical support for the bullish outlook stands at 125.50.
EUR/JPY Daily chart
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EUR/JPY
Overview:
Today Last Price: 126.84
Today Daily change: 0.63 pips
Today Daily change %: 0.50%
Today Daily Open: 126.21
Trends:
Daily SMA20: 125.25
Daily SMA50: 125.08
Daily SMA100: 126.89
Daily SMA200: 128.12
Levels:
Previous Daily High: 126.35
Previous Daily Low: 125.52
Previous Weekly High: 125.94
Previous Weekly Low: 124.7
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 126.04
Daily Fibonacci 61.8%: 125.84
Daily Pivot Point S1: 125.71
Daily Pivot Point S2: 125.2
Daily Pivot Point S3: 124.88
Daily Pivot Point R1: 126.53
Daily Pivot Point R2: 126.85
Daily Pivot Point R3: 127.36