- EUR/JPY has managed to break above 124.00 during early trade.
- The 2020 peaks near 124.50 emerge as the next hurdle of note.
EUR/JPY’s recovery has faltered once again ahead of the 2020 highs, running out of steam in the 124.30 region earlier in the session.
Extra upside momentum remains well on the cards in spite of the ongoing corrective downside and is expected to re-visit the 2020 peaks near 124.50 in the short-term horizon. If sellers regain the upper hand, then the leg lower could test the short-term support line, today around 121.35.
EUR/JPY daily chart
|Today last price||124.01|
|Today Daily Change||47|
|Today Daily Change %||-0.05|
|Today daily open||124.07|
|Previous Daily High||124.2|
|Previous Daily Low||123.34|
|Previous Weekly High||124.29|
|Previous Weekly Low||122.2|
|Previous Monthly High||124.43|
|Previous Monthly Low||119.32|
|Daily Fibonacci 38.2%||123.87|
|Daily Fibonacci 61.8%||123.67|
|Daily Pivot Point S1||123.54|
|Daily Pivot Point S2||123.01|
|Daily Pivot Point S3||122.68|
|Daily Pivot Point R1||124.4|
|Daily Pivot Point R2||124.73|
|Daily Pivot Point R3||125.26|
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