- EUR/JPY move up met initial hurdle at the 122.00 area.
- Further up emerges the 2020 high at 124.43 (June 5).
EUR/JPY failed to extend the bullish attempt further north of the 122.00 mark on Monday, sparking the ongoing knee-jerk.
If the buying interest picks up pace, then the yearly tops in the 124.40 region should emerge on the horizon.
As long as the 200-day SMA at 119.65 holds the downside, the outlook on the cross is seen as constructive. This contention area is also reinforced by June’s lows in the 119.30 region.
EUR/JPY daily chart
|Today last price||121.38|
|Today Daily Change||35|
|Today Daily Change %||-0.02|
|Today daily open||121.4|
|Previous Daily High||121.97|
|Previous Daily Low||120.85|
|Previous Weekly High||121.48|
|Previous Weekly Low||120.05|
|Previous Monthly High||124.43|
|Previous Monthly Low||119.32|
|Daily Fibonacci 38.2%||121.54|
|Daily Fibonacci 61.8%||121.28|
|Daily Pivot Point S1||120.84|
|Daily Pivot Point S2||120.29|
|Daily Pivot Point S3||119.72|
|Daily Pivot Point R1||121.96|
|Daily Pivot Point R2||122.52|
|Daily Pivot Point R3||123.08|
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