EUR/JPY Technical Analysis: Corrective downside could test the 120.30 region


  • The upside momentum in EUR/JPY failed at the 121.00 region.
  • Further north is located the next key resistance around 121.50.

The rally in EUR/JPY met a tough barrier in the 121.00 neighbourhood, sparking the ongoing knee-jerk.

Further south emerges interim contention in the 120.30 area, where coincide the 21-day and 10-day SMAs. This area of support is also reinforced by September’s top near 120.20.

If the buying interest returns to the market, the next hurdle of note is at October peaks near 121.50 ahead of the critical 200-day SMA.

EUR/JPY

Overview
Today last price 120.55
Today Daily Change 52
Today Daily Change % -0.19
Today daily open 120.78
 
Trends
Daily SMA20 120.28
Daily SMA50 119.75
Daily SMA100 119.34
Daily SMA200 121.6
 
Levels
Previous Daily High 121.02
Previous Daily Low 120.52
Previous Weekly High 120.77
Previous Weekly Low 119.68
Previous Monthly High 121.31
Previous Monthly Low 119.24
Daily Fibonacci 38.2% 120.83
Daily Fibonacci 61.8% 120.71
Daily Pivot Point S1 120.52
Daily Pivot Point S2 120.27
Daily Pivot Point S3 120.02
Daily Pivot Point R1 121.03
Daily Pivot Point R2 121.28
Daily Pivot Point R3 121.53

 

 

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