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EUR/JPY Technical Analysis: Deeper pullback could see 108.23 re-tested

  • EUR/JPY is navigating in fresh 2019 lows in the 118.60 region following a strong pick up in the demand ofr the Japanese safe haven post-new tariffs.
  • Immediately to the downside emerges the next relevant support at February 2017 low at 118.23 ahead of 2017 low at 114.85 (April 17).
  • While below recent tops at 121.38, the cross is expected to remain under heavy downside pressure.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 118.6
Today Daily Change 68
Today Daily Change % -0.32
Today daily open 118.98
 
Trends
Daily SMA20 121.15
Daily SMA50 121.67
Daily SMA100 123.18
Daily SMA200 124.86
Levels
Previous Daily High 120.72
Previous Daily Low 118.92
Previous Weekly High 121.38
Previous Weekly Low 120.04
Previous Monthly High 123.36
Previous Monthly Low 120.04
Daily Fibonacci 38.2% 119.61
Daily Fibonacci 61.8% 120.03
Daily Pivot Point S1 118.36
Daily Pivot Point S2 117.74
Daily Pivot Point S3 116.56
Daily Pivot Point R1 120.16
Daily Pivot Point R2 121.34
Daily Pivot Point R3 121.96

 

 

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