EUR/JPY Technical Analysis: Still targets the 200-day SMA at 131.11
|- EUR/JPY is extending the bounce off Friday’s lows and is now resuming the upside with immediate target the 200-day SMA, today at 131.11.
- A surpass of the key 200-day SMA should pave the way for a continuation of the bull run to July’s tops in levels just above 132.00 the figure.
- On the downside, the 129.00/50 band should offer decent contention. This area is coincident with late July lows and the 21-day/55-day/10-day SMA.
EUR/JPY daily chart
Daily high: 130.72
Daily low: 130.10
Support Levels
S1: 129.90
S2: 129.55
S3: 128.94
Resistance Levels
R1: 130.87
R2: 131.48
R3: 131.83
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