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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

EUR/JPY

  • 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 
EUR/JPY

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

 

 

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