EUR/JPY Technical Analysis: Decline halted ahead of 129.00. Recovery now re-targets 200-day SMA at 130.85

  • After five consecutive daily retracements, EUR/JPY met some dip-buyers in the vicinity of the 129.00 handle, coincident with the 100-day SMA.
  • Further recovery should face the next relevant target at the 200-day SMA at 130.85 ahead of the 21-day SMA at 131.25.
  • The downside bias is poised to persist, however, as long as the resistance line at 132.87 caps.

EUR/JPY daily chart












    Last Price: 129.91
    Daily change: 56 pips
    Daily change: 0.433%
    Daily Open: 129.35
    Daily SMA20: 131.32
    Daily SMA50: 129.56
    Daily SMA100: 129.36
    Daily SMA200: 130.93
    Daily High: 130.52
    Daily Low: 129.29
    Weekly High: 132.49
    Weekly Low: 130.6
    Monthly High: 133.15
    Monthly Low: 127.87
    Daily Fibonacci 38.2%: 129.76
    Daily Fibonacci 61.8%: 130.06
    Daily Pivot Point S1: 128.92
    Daily Pivot Point S2: 128.49
    Daily Pivot Point S3: 127.69
    Daily Pivot Point R1: 130.15
    Daily Pivot Point R2: 130.95
    Daily Pivot Point R3: 131.38


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