EUR/JPY Technical Analysis: Door open for extra losses to 122.40


Share:
  • EUR/JPY is intensifying the weekly leg lower below the critical support at 123.00 the figure.
  • Immediately to the downside lies early January lows in the 122.60 region ahead of 122.39, June 2017 low.
  • The cross is expected to keep the negative bias as long as the multi-month resistance line at 126.12 caps the upside. Interim resistance, however, emerges at the 125.03/34 band, where converge the 21-day, 100-day and 55-day SMAs.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 122.9
Today Daily Change 51
Today Daily Change % -0.26
Today daily open 123.22
 
Trends
Daily SMA20 125.16
Daily SMA50 125.36
Daily SMA100 125.22
Daily SMA200 127.17
Levels
Previous Daily High 123.53
Previous Daily Low 123.1
Previous Weekly High 125.24
Previous Weekly Low 124.28
Previous Monthly High 126.86
Previous Monthly Low 124.04
Daily Fibonacci 38.2% 123.27
Daily Fibonacci 61.8% 123.37
Daily Pivot Point S1 123.04
Daily Pivot Point S2 122.86
Daily Pivot Point S3 122.61
Daily Pivot Point R1 123.46
Daily Pivot Point R2 123.71
Daily Pivot Point R3 123.89

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

AUD/USD extends losses toward 0.6500 after softer Australian CPI data

AUD/USD extends losses toward 0.6500 after softer Australian CPI data

AUD/USD is extending losses toward 0.6500  in Asian trading on Wednesday. The Aussie pair is undermined by softer-than-expected Australian monthly CPI inflation data, which fans RBA rate cuts bets. Meanwhile, the US Dollar is building on its recovery amid cautious markets. 

AUD/USD News

EUR/USD grinds lower toward 1.0800 as USD extends recovery

EUR/USD grinds lower toward 1.0800 as USD extends recovery

EUR/USD is grinding lower toward 1.0800 in early European morning on Wednesday. The extended recovery in the US Dollar amid a deterioration in risk sentiment is weighing on the pair, as the focus shifts to a data-packed day ahead. 

EUR/USD News

Gold price remains confined in a range as traders await US inflation data on Thursday

Gold price remains confined in a range as traders await US inflation data on Thursday

Gold price (XAU/USD) edges higher during the Asian session on Wednesday and for now, seems to have stalled the previous day's modest pullback from the $2,040-$2,042 resistance. 

Gold News

Bitcoin price extends gains as capital inflows near all-time highs

Bitcoin price extends gains as capital inflows near all-time highs

Bitcoin (BTC) price remains northbound, a status that was invigorated by Monday reports on MicroStrategy and BlackRock. With growing optimism in the market, the risk appetite for investors is also proving elastic. 

Read more

Twiddling thumbs ahead of a US data barrage

Twiddling thumbs ahead of a US data barrage

Traders are keenly aware that the recent components of the Consumer Price Index (CPI) and Producer Price Index (PPI) have influenced the Personal Consumption Expenditures (PCE), and it is unlikely that they will receive an inflation print below the Federal Reserve's target rate.

Read more

Forex MAJORS

Cryptocurrencies

Signatures