EUR/JPY Technical Analysis: Euro retraces to 129.00 level and ready for more losses

EUR/JPY is trading in a bear trend below the 200-period simple moving average.
EUR/JPY is currently finding some support near the 129.00 figure and the 100-period simple moving average. Technical indicators are bearishly configured suggesting losses in the sessions ahead.
Support can be seen near 128.32 (October 18 low) and 127.61 (November 1 low).

Flavio Tosti Independent Analyst

EUR/JPY 4-hour chart

Resistance 1: 129.50 figure
Resistance 2: 130.00 figure
Resistance 3: 131.00 figure
Resistance 4: 131.90 September 24 low

Support 1: 129.00 figure
Support 2: 128.32 October 18 low
Support 3: 127.61 November 1 low
Support 4: 126.63 October low
Support 5: 126.00 figure

Additional key levels at a glance:

EUR/JPY

Overview:
    Last Price: 129.02
    Daily change: -48 pips
    Daily change: -0.371%
    Daily Open: 129.5
Trends:
    Daily SMA20: 128.89
    Daily SMA50: 129.91
    Daily SMA100: 129.51
    Daily SMA200: 130.27
Levels:
    Daily High: 130.15
    Daily Low: 129.39
    Weekly High: 129.34
    Weekly Low: 127.24
    Monthly High: 132.49
    Monthly Low: 126.63
    Daily Fibonacci 38.2%: 129.68
    Daily Fibonacci 61.8%: 129.86
    Daily Pivot Point S1: 129.21
    Daily Pivot Point S2: 128.92
    Daily Pivot Point S3: 128.46
    Daily Pivot Point R1: 129.97
    Daily Pivot Point R2: 130.43
    Daily Pivot Point R3: 130.72

Author

Flavio Tosti

Independent Analyst

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