- EUR/JPY bounces off recent lows near the 126.00 level.
- The upside remains capped by the YTD highs around 127.50.
EUR/JPY looks to regain some upside traction following recent weekly lows in the vicinity of the 126.00 level.
If the support in the 126.00 neighbourhood is cleared in the near-term, then the next interim level is at 125.70 (low December 16), or the lower bound of the recent multi-week consolidative theme. Further south comes in the 55-day SMA just above 125.00 the figure.
Looking at the broader picture, while above the 200-day SMA at 122.65 the outlook for the cross should remain constructive.
EUR/JPY daily chart
|Today last price||126.39|
|Today Daily Change||34|
|Today Daily Change %||0.10|
|Today daily open||126.26|
|Previous Daily High||126.74|
|Previous Daily Low||126.22|
|Previous Weekly High||127.49|
|Previous Weekly Low||126.05|
|Previous Monthly High||127.24|
|Previous Monthly Low||124.38|
|Daily Fibonacci 38.2%||126.42|
|Daily Fibonacci 61.8%||126.54|
|Daily Pivot Point S1||126.07|
|Daily Pivot Point S2||125.88|
|Daily Pivot Point S3||125.54|
|Daily Pivot Point R1||126.6|
|Daily Pivot Point R2||126.93|
|Daily Pivot Point R3||127.12|
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