- EUR/JPY fades the recent strength and returns to 130.50.
- Price action suggests further consolidation remains on the cards.
EUR/JPY adds to the recent corrective downside and extends the break below the 131.00 mark on Friday.
As long as the cross remains capped by the YTD high at 131.60 (January 5), further sideways trading should not be ruled out. In the meantime, occasional bearish attempts appear well contained by the 130.00 neighbourhood for the time being.
While above the 200-day SMA, today at 130.53, the outlook for EUR/JPY should remain constructive.
EUR/JPY daily chart
|Today last price||130.48|
|Today Daily Change||48|
|Today Daily Change %||-0.18|
|Today daily open||130.72|
|Previous Daily High||131.44|
|Previous Daily Low||130.62|
|Previous Weekly High||131.6|
|Previous Weekly Low||130.02|
|Previous Monthly High||131.04|
|Previous Monthly Low||127.38|
|Daily Fibonacci 38.2%||130.93|
|Daily Fibonacci 61.8%||131.13|
|Daily Pivot Point S1||130.41|
|Daily Pivot Point S2||130.11|
|Daily Pivot Point S3||129.59|
|Daily Pivot Point R1||131.23|
|Daily Pivot Point R2||131.75|
|Daily Pivot Point R3||132.05|
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