- EUR/JPY remains within a consolidative range below the 123.00 mark.
- The resumption of the selling bias could see the 200-day SMA retested.
EUR/JPY still navigates within a side-lined mood in the sub-123.00 region so far on Monday.
The recent selling pressure seems to have met decent contention in the vicinity of 122.40 on Monday, where also lies the 100-day SMA. If cleared, the critical 200-day SMA, today at 120.88, should return to the investors’ radar.
Below the 200-day SMA the outlook on the cross is expected to shift to bearish.
EUR/JPY daily chart
|Today last price||122.82|
|Today Daily Change||51|
|Today Daily Change %||0.02|
|Today daily open||122.79|
|Previous Daily High||123.16|
|Previous Daily Low||122.61|
|Previous Weekly High||123.94|
|Previous Weekly Low||122.52|
|Previous Monthly High||126.85|
|Previous Monthly Low||123.99|
|Daily Fibonacci 38.2%||122.82|
|Daily Fibonacci 61.8%||122.95|
|Daily Pivot Point S1||122.55|
|Daily Pivot Point S2||122.31|
|Daily Pivot Point S3||122.01|
|Daily Pivot Point R1||123.09|
|Daily Pivot Point R2||123.4|
|Daily Pivot Point R3||123.64|
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