EUR/JPY Technical Analysis: Support emerged around the 21-day SMA, just above the 128.00 handle

• The recent decline in EUR/JPY appears to have found support in the 128.00 region, where coincides the key 21-day SMA.
• Further upside in the cross needs to surpass the critical resistance line, today at 130.30 to allow a visit of late-August peaks near 130.90.
• Further north, the 200-day SMA at 131.26 awaits ahead of the more relevant tops just above 132.00 the figure seen in July.

EUR/JPY daily chart

Daily high: 130.00

Daily low: 128.60

Support Levels

S1: 128.50

S2: 127.96

S3: 127.60

Resistance Levels

R1: 129.39

R2: 129.75

R3: 130.29