EUR/JPY Technical Analysis: Decline met support in the mid-127.00s. The outlook still looks vulnerable
|- The cross is recovering part of the ground lost in the past three sessions with losses, meeting some contention in the 127.50 area for the time being.
- Immediate target on the downside remains October’s low at 126.61, considered the last defense of a test of YTD lows at 124.60 seen in late May.
- On the upside, the 128.75/82 band, where coincide the 10-day SMA and the 21-day SMA should offer some interim hurdle.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 128.26
Daily change: 46 pips
Daily change: 0.360%
Daily Open: 127.8
Trends:
Daily SMA20: 128.77
Daily SMA50: 129.89
Daily SMA100: 129.51
Daily SMA200: 130.19
Levels:
Daily High: 129.21
Daily Low: 127.78
Weekly High: 130.16
Weekly Low: 128.6
Monthly High: 132.49
Monthly Low: 126.63
Daily Fibonacci 38.2%: 128.33
Daily Fibonacci 61.8%: 128.66
Daily Pivot Point S1: 127.32
Daily Pivot Point S2: 126.84
Daily Pivot Point S3: 125.9
Daily Pivot Point R1: 128.74
Daily Pivot Point R2: 129.68
Daily Pivot Point R3: 130.16
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