EUR/JPY Price Analysis: Extra consolidation looks likely near-term


  • EUR/JPY appears to be stabilizing in the sub-123.00 region.
  • Immediately to the downside comes in the 100-day SMA at 122.35.

EUR/JPY looks side-lined around the key 122.90 region so far on Thursday. This area is coincident with January’s peak (122.87).

The recent selling pressure seems to have met decent contention in the mid-122.00s for the time being. If cleared, there is a minor support at the 100-day SMA at 122.35 ahead of the critical 200-day SMA, today at 120.87.

Below the 200-day SMA the outlook on the cross is expected to shift to bearish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 122.8
Today Daily Change 53
Today Daily Change % -0.08
Today daily open 122.9
 
Trends
Daily SMA20 124.98
Daily SMA50 124.75
Daily SMA100 122.3
Daily SMA200 120.89
 
Levels
Previous Daily High 123.19
Previous Daily Low 122.58
Previous Weekly High 125.9
Previous Weekly Low 123.32
Previous Monthly High 126.85
Previous Monthly Low 123.99
Daily Fibonacci 38.2% 122.96
Daily Fibonacci 61.8% 122.81
Daily Pivot Point S1 122.59
Daily Pivot Point S2 122.28
Daily Pivot Point S3 121.98
Daily Pivot Point R1 123.2
Daily Pivot Point R2 123.5
Daily Pivot Point R3 123.82

 

 

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