- EUR/JPY trims gains after testing the key 200-day SMA near 120.30.
- The cross remains volatile and keeps looking to risk trends for direction.
The daily price action saw a test of the boundaries of the 120.30 region, where sits the 200-day SMA, and the proximity of 118.50, area close to the 2020 lows recorded on Friday.
While the cross keeps waiting for a stronger catalyst for price direction, further consolidation should not be ruled out, likely between 121.50 and 118.50.
EUR/JPY daily chart
|Today last price||119.36|
|Today Daily Change||165|
|Today Daily Change %||0.24|
|Today daily open||119.08|
|Previous Daily High||120.76|
|Previous Daily Low||118.38|
|Previous Weekly High||121.07|
|Previous Weekly Low||118.38|
|Previous Monthly High||121.4|
|Previous Monthly Low||118.38|
|Daily Fibonacci 38.2%||119.29|
|Daily Fibonacci 61.8%||119.85|
|Daily Pivot Point S1||118.06|
|Daily Pivot Point S2||117.03|
|Daily Pivot Point S3||115.68|
|Daily Pivot Point R1||120.43|
|Daily Pivot Point R2||121.78|
|Daily Pivot Point R3||122.81|
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