EUR/JPY Technical Analysis: Downside expected to re-test the 100-day SMA near 119.80


  • The rally in EUR/JPY appears to have met important resistance in the 121.50 region, coincident with late July peaks. The ongoing correction lower comes along renewed softness in EUR, some pick up in the demand for safe havens and a move away from overbought levels, as measured by the RSI.
  • Further selling impulso should meet the next relevant support at the 100-day SMA in the 119.80 region ahead of the 55-day SMA, today at 118.45.
  • The resumption of the up move is expected to target the key 200-day SMA at 122.21.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 120.5
Today Daily Change 40
Today Daily Change % -0.12
Today daily open 120.64
 
Trends
Daily SMA20 118.82
Daily SMA50 118.42
Daily SMA100 119.79
Daily SMA200 122.25
 
Levels
Previous Daily High 121.3
Previous Daily Low 120.57
Previous Weekly High 121.36
Previous Weekly Low 119.12
Previous Monthly High 120.01
Previous Monthly Low 115.86
Daily Fibonacci 38.2% 120.85
Daily Fibonacci 61.8% 121.02
Daily Pivot Point S1 120.37
Daily Pivot Point S2 120.11
Daily Pivot Point S3 119.64
Daily Pivot Point R1 121.1
Daily Pivot Point R2 121.57
Daily Pivot Point R3 121.83

 

 

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