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

EUR/JPY

Overview
Today last price 122.65
Today Daily Change 53
Today Daily Change % -0.09
Today daily open 122.76
 
Trends
Daily SMA20 124.17
Daily SMA50 124.95
Daily SMA100 125.01
Daily SMA200 127
Levels
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

 

 

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei. European elections are warming up.

EUR/USD News

GBP/USD consolidates its losses amid Brexit pessimism

GBP/USD is trading in the low 1.2700s, close to the lowest since January. UK PM May is set to present a new plan after cross-party talks failed and as calls for her to quit mount.

GBP/USD News

USD/JPY off multi-day tops, looks to test 110.00 ahead of Fedspeak

Japanese growth optimism in play as risk-on fades amid looming US-China trade risks. Eyes on risk sentiment, trade developments and Fed speak for fresh directives.

USD/JPY News

Gold aims to revisit 9-month old support-line near $1272

Gold is on its third negative trading day as it seesaws near $1276.50 ahead of the European open on Monday. Pessimism surrounding the US-China and the US-Iran relations could limit the bullion’s decline near trend-line support.

Gold News

Cryptos stage a Sunday surge, levels to watch – Confluence Detector

Cryptocurrencies have enjoyed a massive comeback early on Sunday, recovering most losses. The cleanup seen ahead of the weekend may be over, and it is time to look up to higher levels. Here are the levels to watch according to the Confluence Detector.

Read more

Majors

Cryptocurrencies

Signatures