EUR/JPY Price Analysis: Another visit to 128.00 remains on the cards


  • EUR/JPY leaves behind Wednesday’s negative session.
  • Sellers could still drag the cross to the 128.00 area.

EUR/JPY regains the upside traction and returns to the positive territory near 129.50 on Thursday.

The resumption of the downside should not be ruled out yet and therefore another visit to the monthly low at 127.97 (November 19) remains well on the cards for the time being. A move further south should see the August and September low around 127.93 retested.

Looking at the broader picture, the outlook for the cross is expected to remain negative while below the 200-day SMA, today at 130.54.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 129.42
Today Daily Change 32
Today Daily Change % 0.11
Today daily open 129.28
 
Trends
Daily SMA20 130.64
Daily SMA50 130.52
Daily SMA100 130.11
Daily SMA200 130.58
 
Levels
Previous Daily High 129.58
Previous Daily Low 128.69
Previous Weekly High 130.6
Previous Weekly Low 127.98
Previous Monthly High 133.48
Previous Monthly Low 128.34
Daily Fibonacci 38.2% 129.03
Daily Fibonacci 61.8% 129.24
Daily Pivot Point S1 128.79
Daily Pivot Point S2 128.3
Daily Pivot Point S3 127.9
Daily Pivot Point R1 129.67
Daily Pivot Point R2 130.07
Daily Pivot Point R3 130.56

 

 

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