EUR/JPY Price Analysis: The 128.00 area holds the downside, for now

  • EUR/JPY adds to the recent pullback and retests 128.00.
  • Further south comes the August/September lows at 127.93.

EUR/JPY extends the downside and revisits the 12800 region at the end of the week.

The continuation of the downtrend remains in the pipeline and therefore another visit to the monthly low at 127.97 (November 19) looks likely in the short-term horizon. A move further south should see the August and September low around 127.93 retested.

Looking at the broader picture, the outlook for the cross is expected to remain negative while below the 200-day SMA, today at 130.54.

EUR/JPY daily chart


Today last price 128.61
Today Daily Change 23
Today Daily Change % -0.53
Today daily open 129.3
Daily SMA20 130.47
Daily SMA50 130.53
Daily SMA100 130.11
Daily SMA200 130.58
Previous Daily High 129.53
Previous Daily Low 129.24
Previous Weekly High 130.6
Previous Weekly Low 127.98
Previous Monthly High 133.48
Previous Monthly Low 128.34
Daily Fibonacci 38.2% 129.42
Daily Fibonacci 61.8% 129.35
Daily Pivot Point S1 129.19
Daily Pivot Point S2 129.07
Daily Pivot Point S3 128.9
Daily Pivot Point R1 129.47
Daily Pivot Point R2 129.65
Daily Pivot Point R3 129.76



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