- EUR/JPY extends the rebound and tests the key 124.00 area.
- The monthly peaks just beyond 125.00 the figure comes up next.
EUR/JPY rebounds from last week’s lows in the sub-123.00 area and now flirts with the 124.00 zone, where sits the 100-day SMA.
If the buying pressure gathers extra steam, a break above this area should allow for further upside to, initially, re-visit the monthly peaks just past 125.00 the figure.
On the opposite side, losses are expected to accelerate if EUR/JPY breaks below last week’s lows in the 122.80 zone, exposing the key 200-day SMA, today at 121.43.
EUR/JPY daily chart
|Today last price||123.92|
|Today Daily Change||43|
|Today Daily Change %||0.11|
|Today daily open||123.79|
|Previous Daily High||123.79|
|Previous Daily Low||123.08|
|Previous Weekly High||124.44|
|Previous Weekly Low||122.85|
|Previous Monthly High||125.09|
|Previous Monthly Low||121.62|
|Daily Fibonacci 38.2%||123.52|
|Daily Fibonacci 61.8%||123.35|
|Daily Pivot Point S1||123.31|
|Daily Pivot Point S2||122.84|
|Daily Pivot Point S3||122.6|
|Daily Pivot Point R1||124.03|
|Daily Pivot Point R2||124.27|
|Daily Pivot Point R3||124.74|
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