- EUR/JPY saw its downside intensified on Friday and broke below 120.00.
- Further downside could see the YTD low in the mid-118.00s re-visited.
Following the breach of the key 200-day SMA, the cross has shifted the focus to the likelihood of further retracements.
Against this backdrop, a move to the area of 2020 lows near 118.50 should not be ruled out in the short-term horizon.
EUR/JPY daily chart
|Today last price||119.65|
|Today Daily Change||109|
|Today Daily Change %||-0.90|
|Today daily open||120.74|
|Previous Daily High||121.04|
|Previous Daily Low||119.95|
|Previous Weekly High||121.4|
|Previous Weekly Low||118.46|
|Previous Monthly High||122.88|
|Previous Monthly Low||119.78|
|Daily Fibonacci 38.2%||120.62|
|Daily Fibonacci 61.8%||120.37|
|Daily Pivot Point S1||120.12|
|Daily Pivot Point S2||119.49|
|Daily Pivot Point S3||119.03|
|Daily Pivot Point R1||121.2|
|Daily Pivot Point R2||121.66|
|Daily Pivot Point R3||122.29|
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