- EUR/JPY extends the bearish note and breaches the 123.00 mark.
- Interim support aligns at the 100-day SMA at 122.10.
EUR/JPY remains under heavy downside pressure at the beginning of the week and slips back below the 123.00 mark for the first time since mid-July.
The bearish impulse remains well in place and forced the cross to break below the key support region around 122.90. The leg lower now faces a minor support at the 100-day SMA at 122.10 ahead of the critical 200-day SMA, today at 120.85.
Below the 200-day SMA the outlook on the cross is expected to shift to bearish.
EUR/JPY daily chart
|Today last price||122.67|
|Today Daily Change||136|
|Today Daily Change %||-0.93|
|Today daily open||123.82|
|Previous Daily High||124.31|
|Previous Daily Low||123.44|
|Previous Weekly High||125.9|
|Previous Weekly Low||123.32|
|Previous Monthly High||126.85|
|Previous Monthly Low||123.99|
|Daily Fibonacci 38.2%||123.77|
|Daily Fibonacci 61.8%||123.98|
|Daily Pivot Point S1||123.4|
|Daily Pivot Point S2||122.98|
|Daily Pivot Point S3||122.52|
|Daily Pivot Point R1||124.27|
|Daily Pivot Point R2||124.73|
|Daily Pivot Point R3||125.15|
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