- EUR/JPY corrects lower after hitting 130.00 on Thursday.
- Above 130.00 comes in the November 2018 high at 130.14.
EUR/JPY run into some selling pressure following Thursday’s new 2021 highs in the 130.00 neighbourhood.
If bulls regain control in the near-term, the a move above the 130.00 mark should put the 130.14 level (November 7 2018) back on the radar ahead of the summer 2018 high at 131.98 (July 17).
Reinforcing the idea of extra gains, EUR/JPY keeps trading above the immediate support line (off November 19 2020 low) near 126.65, where also coincides the 55-day SMA.
Looking at the broader picture, while above the 200-day SMA at 124.24 the outlook for the cross should remain constructive.
EUR/JPY daily chart
|Today last price||128.68|
|Today Daily Change||89|
|Today Daily Change %||-0.44|
|Today daily open||129.25|
|Previous Daily High||129.98|
|Previous Daily Low||128.74|
|Previous Weekly High||128.46|
|Previous Weekly Low||127.1|
|Previous Monthly High||127.49|
|Previous Monthly Low||125.09|
|Daily Fibonacci 38.2%||129.5|
|Daily Fibonacci 61.8%||129.21|
|Daily Pivot Point S1||128.67|
|Daily Pivot Point S2||128.09|
|Daily Pivot Point S3||127.43|
|Daily Pivot Point R1||129.91|
|Daily Pivot Point R2||130.56|
|Daily Pivot Point R3||131.14|
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