- EUR/JPY extends the choppy activity around 130.00 so far this week.
- The mid-128.00s should hold the initial test if the downside picks up pace.
EUR/JPY keeps the consolidative mood unchanged around the 130.00 area for yet another session.
Extra consolidation appears on the cards in the very near term ahead of the FOMC event. On the downside, decent contention is located in the 128.50 region, which is also reinforced by a Fibo level (128.54) and the 200-day SMA (128.53).
In the meantime, while above the 200-day SMA at 128.53, the outlook for EUR/JPY is expected to remain constructive.
EUR/JPY daily chart
|Today last price||130|
|Today Daily Change||44|
|Today Daily Change %||0.22|
|Today daily open||129.72|
|Previous Daily High||130.32|
|Previous Daily Low||129.55|
|Previous Weekly High||130.3|
|Previous Weekly Low||128.6|
|Previous Monthly High||134.13|
|Previous Monthly Low||130.04|
|Daily Fibonacci 38.2%||129.84|
|Daily Fibonacci 61.8%||130.03|
|Daily Pivot Point S1||129.41|
|Daily Pivot Point S2||129.09|
|Daily Pivot Point S3||128.64|
|Daily Pivot Point R1||130.18|
|Daily Pivot Point R2||130.64|
|Daily Pivot Point R3||130.95|
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