FX Today: EUR/JPY climbs further north of the 123.00 level on Wednesday.
– Next on the upside is located the 2020 peak in the 124.40/45 band.
EUR/JPY is extending the weekly recovery to the area above 123.00 the figure on Wednesday.
Extra upside momentum is now expected to target the 2020 peaks beyond the 124.00 mark in the short-term horizon. If the buying impetus picks up pace, then the focus should shift to the May 2019 high at 125.23 (May 1).
As long as the 200-day SMA at 119.87 holds the downside, the outlook on the cross is seen as positive.
EUR/JPY
OVERVIEW Today: last price 123.33 Today Daily Change 35Today Daily Change %0.17
Today daily open 123.12
TRENDS: Daily SMA 20121.4 Daily
SMA 50120.38 Daily
SMA100119.05 Daily SMA 200119.91
LEVELS: Previous Daily High 123.18 Previous Daily Low 122.47 Previous Weekly High 122.58 Previous Weekly Low 120.82 Previous Monthly High 124.43 Previous Monthly Low 119.32 Daily Fibonacci 38.2% 122.91 Daily
Fibonacci 61.8%122.74 Daily
Pivot Point S1122.67 Daily
Pivot Point S2122.22 Daily
Pivot Point S3121.97 Daily
Pivot Point R1123.38 Daily
Pivot Point R2123.63
Daily Pivot Point R3124.08
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