EUR/JPY Technical Analysis: Comes under pressure and targets the 10-day SMA at 122.10

  • The recent failure to sustain a breakout of the key 123.00 handle has motivated sellers to step in and drag EUR/JPY back to the vicinity of the 122.00 neighbourhood.
  • Immediate to the upside emerges Tuesday’s top at 123.17. The cross needs to clear this area to pave the way for a visit to the 123.70/75 band.
  • Furthermore, the offered bias remains intact while below the multi-month resistance line, today at 125.14.

EUR/JPY daily chart


Today last price 122.36
Today Daily Change 39
Today Daily Change % -0.11
Today daily open 122.49
Daily SMA20 122.35
Daily SMA50 123.83
Daily SMA100 124.59
Daily SMA200 126.45
Previous Daily High 123.09
Previous Daily Low 122.42
Previous Weekly High 122.72
Previous Weekly Low 120.78
Previous Monthly High 125.24
Previous Monthly Low 120.92
Daily Fibonacci 38.2% 122.67
Daily Fibonacci 61.8% 122.83
Daily Pivot Point S1 122.24
Daily Pivot Point S2 121.99
Daily Pivot Point S3 121.57
Daily Pivot Point R1 122.92
Daily Pivot Point R2 123.34
Daily Pivot Point R3 123.59



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