- EUR/JPY has once again tested and failed in the vicinity of 125.00 the figure, coincident with August 2018 low (at 124.91).
- A surpass of this area should open the door for a test of late December peaks just above the 127.00 handle. Further consolidation, however, could prompt sellers to step in and drag the cross lower.
- On the broader picture, the bearish outlook is expected to prevail while below the 4-month resistance line, today at 127.97.
EUR/JPY daily chart
Today Last Price: 124.59
Today Daily change: -21 pips
Today Daily change %: -0.168%
Today Daily Open: 124.8
Previous Daily SMA20: 126.09
Previous Daily SMA50: 127.66
Previous Daily SMA100: 128.81
Previous Daily SMA200: 129.26
Previous Daily High: 125.1
Previous Daily Low: 124.32
Previous Weekly High: 127.07
Previous Weekly Low: 118.84
Previous Monthly High: 129.3
Previous Monthly Low: 125.36
Previous Daily Fibonacci 38.2%: 124.8
Previous Daily Fibonacci 61.8%: 124.62
Previous Daily Pivot Point S1: 124.38
Previous Daily Pivot Point S2: 123.96
Previous Daily Pivot Point S3: 123.6
Previous Daily Pivot Point R1: 125.16
Previous Daily Pivot Point R2: 125.52
Previous Daily Pivot Point R3: 125.94
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