- EUR/JPY extends the downside and breaks below 125.00.
- There is an interim contention zone around 124.40/30.
EUR/JPY accelerates the leg lower and drops to multi-day lows in the sub-125.00 area on Wednesday.
The bearish sentiment is picking up pace and faces the next support area in the 124.40/30 band, where converge September/late August lows and the 55-day SMA. A more serious pullback faces the 3-month support line in the mid-123.00 ahead of the key 122.90 zone.
The positive stance on EUR/JPY is forecasted to remain unaltered as long as the 200-day SMA, today at 120.82, holds the downside.
EUR/JPY daily chart
|Today last price||124.84|
|Today Daily Change||49|
|Today Daily Change %||-0.06|
|Today daily open||124.92|
|Previous Daily High||125.77|
|Previous Daily Low||124.76|
|Previous Weekly High||126.46|
|Previous Weekly Low||124.43|
|Previous Monthly High||126.85|
|Previous Monthly Low||123.99|
|Daily Fibonacci 38.2%||125.14|
|Daily Fibonacci 61.8%||125.38|
|Daily Pivot Point S1||124.53|
|Daily Pivot Point S2||124.14|
|Daily Pivot Point S3||123.51|
|Daily Pivot Point R1||125.54|
|Daily Pivot Point R2||126.16|
|Daily Pivot Point R3||126.55|
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