- EUR/JPY’s retracement met support in the 122.80 region so far.
- Immediately to the downside appears September’s lows near 122.40.
EUR/JPY looks to put further distance from weekly lows near 122.80 (Thursday), although a serious bullish attempt lacks conviction for the time being.
In the meantime, odds for a move lower remain well on the cards with the next support of note at the September’s lows in the 122.40 zone. If breached, then a re-visit to the so far monthly lows in the 121.60 region should not be ruled out in the short-term horizon.
The downside pressure is expected to accelerate if EUR/JPY breaks below the latter, exposing the key 200-day SMA, today at 121.38.
EUR/JPY daily chart
|Today last price||123.26|
|Today Daily Change||42|
|Today Daily Change %||-0.01|
|Today daily open||123.27|
|Previous Daily High||123.32|
|Previous Daily Low||122.85|
|Previous Weekly High||125.14|
|Previous Weekly Low||122.68|
|Previous Monthly High||125.09|
|Previous Monthly Low||121.62|
|Daily Fibonacci 38.2%||123.14|
|Daily Fibonacci 61.8%||123.03|
|Daily Pivot Point S1||122.97|
|Daily Pivot Point S2||122.67|
|Daily Pivot Point S3||122.49|
|Daily Pivot Point R1||123.44|
|Daily Pivot Point R2||123.62|
|Daily Pivot Point R3||123.92|
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