EUR/JPY technical analysis: Bulls trapped by descending resistance


EUR/JPY has corrected to the downside following the 119.60 reversal and rallies are sold at the descending resistance line from the same top to the 19th and 20th August highs. Support is located in the 117.50s. Through the said top, we have 120.06 as the 25th July low ahead of the 55-day ma and the 3-month downtrend at 120.88/98. 

EUR/JPY

Overview
Today last price 117.96
Today Daily Change -0.17
Today Daily Change % -0.14
Today daily open 118.13
 
Trends
Daily SMA20 119.32
Daily SMA50 120.81
Daily SMA100 122.37
Daily SMA200 124.25
Levels
Previous Daily High 118.48
Previous Daily Low 117.85
Previous Weekly High 119.59
Previous Weekly Low 117.52
Previous Monthly High 123.36
Previous Monthly Low 120.04
Daily Fibonacci 38.2% 118.24
Daily Fibonacci 61.8% 118.09
Daily Pivot Point S1 117.83
Daily Pivot Point S2 117.52
Daily Pivot Point S3 117.19
Daily Pivot Point R1 118.46
Daily Pivot Point R2 118.78
Daily Pivot Point R3 119.09

 

 

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