- EUR/JPY meets some selling pressure after two daily advances.
- Initial contention emerges at monthly lows near 132.90.
EUR/JPY fades two consecutive daily advances and now looks offered in the low-133.00s.
If the selling pressure gathers extra steam, then the cross could attempt a deeper pullback to, initially, the monthly lows near 132.90 (June 7). Further south comes in the 132.83/57 band, where converges the 50-day SMA and the short-term support line (off March lows).
In the broader picture, while above the 200-day SMA at 127.38 the outlook for the cross should remain constructive.
EUR/JPY daily chart
|Today last price||133.23|
|Today Daily Change||44|
|Today Daily Change %||-0.25|
|Today daily open||133.56|
|Previous Daily High||133.63|
|Previous Daily Low||133.21|
|Previous Weekly High||134.13|
|Previous Weekly Low||133.14|
|Previous Monthly High||134.06|
|Previous Monthly Low||130.98|
|Daily Fibonacci 38.2%||133.47|
|Daily Fibonacci 61.8%||133.37|
|Daily Pivot Point S1||133.3|
|Daily Pivot Point S2||133.04|
|Daily Pivot Point S3||132.88|
|Daily Pivot Point R1||133.72|
|Daily Pivot Point R2||133.88|
|Daily Pivot Point R3||134.14|
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