EUR/JPY Technical Analysis: Focus has re-shifted to the 122.00 area in the near term

  • The cross remains under downside pressure and is attempting a sideline theme in the lower end of the range, all against the backdrop of the sharp decline in place since mid-April.
  • A test of recent lows at the 122.00 neighbourhood and probably below remains well on the cards as long as the multi-month resistance line, today at 125.92, caps the upside.
  • Bouts of buying interest should meet interim resistance at the 10-day SMA at 123.07 ahead of 123.61 (high May 10).

EUR/JPY daily chart


Today last price 122.65
Today Daily Change 53
Today Daily Change % -0.09
Today daily open 122.76
Daily SMA20 124.17
Daily SMA50 124.95
Daily SMA100 125.01
Daily SMA200 127
Previous Daily High 122.97
Previous Daily Low 122.54
Previous Weekly High 124.33
Previous Weekly Low 122.48
Previous Monthly High 126.86
Previous Monthly Low 124.04
Daily Fibonacci 38.2% 122.81
Daily Fibonacci 61.8% 122.7
Daily Pivot Point S1 122.54
Daily Pivot Point S2 122.33
Daily Pivot Point S3 122.11
Daily Pivot Point R1 122.97
Daily Pivot Point R2 123.19
Daily Pivot Point R3 123.4



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