- 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|
|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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