EUR/JPY Technical Analysis: The cross is eroding the key resistance line at 125.86
|- EUR/JPY is up for the third consecutive session today, moving beyond the key barrier at 125.00 the figure and challenging the critical resistance line, today at 125.86.
- A surpass of this area will alleviate downside pressure and should allow the cross to re-target the 126.00 neighbourhood, where is located the 2019 peak.
- On the downside, solid support is expected to emerge in the 124.90/95 band, where coincide the 21- and 10-day SMA.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 125.79
Today Daily change: 59 pips
Today Daily change %: 0.26%
Today Daily Open: 125.46
Trends:
Daily SMA20: 124.95
Daily SMA50: 125.38
Daily SMA100: 127.17
Daily SMA200: 128.26
Levels:
Previous Daily High: 125.54
Previous Daily Low: 124.76
Previous Weekly High: 125.54
Previous Weekly Low: 124.19
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 125.24
Daily Fibonacci 61.8%: 125.06
Daily Pivot Point S1: 124.97
Daily Pivot Point S2: 124.47
Daily Pivot Point S3: 124.19
Daily Pivot Point R1: 125.75
Daily Pivot Point R2: 126.04
Daily Pivot Point R3: 126.53
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