EUR/JPY Technical Analysis: Bearish view unchanged below 126.00/17
|- The cross is so far reverting yesterday’s daily pullback and appears well supported in the now new contention area in the 125.00 neighbourhood.
- However, the negative stance on EUR/JPY is expected to remain in place as long as the short-term resistance line caps at 126.17.
- This area of resistance is reinforced by early February peaks around the 126.00 handle and the cross needs to clear it to allow for a more serious bullish attempt.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 125.32
Today Daily change: 60 pips
Today Daily change %: 0.21%
Today Daily Open: 125.06
Trends:
Daily SMA20: 124.84
Daily SMA50: 125.65
Daily SMA100: 127.44
Daily SMA200: 128.37
Levels:
Previous Daily High: 125.54
Previous Daily Low: 125
Previous Weekly High: 125.96
Previous Weekly Low: 124.16
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 125.2
Daily Fibonacci 61.8%: 125.33
Daily Pivot Point S1: 124.85
Daily Pivot Point S2: 124.65
Daily Pivot Point S3: 124.3
Daily Pivot Point R1: 125.4
Daily Pivot Point R2: 125.75
Daily Pivot Point R3: 125.95
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