EUR/JPY Technical Analysis: Remains offered below resistance line at 132.62
|- The generalized offered bias around the European currency plus the increasing demand for the safe haven Japanese Yen have dragged the cross to fresh lows in the mid-128.00s today.
- The continuation of the down trend carries the potential to visit September’s low at 127.86 ahead of June’s low in the 126.65/60 band.
- The downside pressure could accelerate on a break of the 128.30 area, where converge recent lows and the base of the daily cloud.
- Looking at the broader picture, the stance in EUR/JPY should remain offered as long as the resistance line off 2018 tops, today at 132.62, caps.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 128.35
Daily change: -1.0e+2 pips
Daily change: -0.773%
Daily Open: 129.35
Trends:
Daily SMA20: 130.56
Daily SMA50: 129.76
Daily SMA100: 129.54
Daily SMA200: 130.71
Levels:
Daily High: 130.22
Daily Low: 129.2
Weekly High: 130.32
Weekly Low: 128.32
Monthly High: 133.15
Monthly Low: 127.87
Daily Fibonacci 38.2%: 129.59
Daily Fibonacci 61.8%: 129.83
Daily Pivot Point S1: 128.96
Daily Pivot Point S2: 128.57
Daily Pivot Point S3: 127.93
Daily Pivot Point R1: 129.98
Daily Pivot Point R2: 130.61
Daily Pivot Point R3: 131
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