EUR/JPY Technical Analysis: Further downside could see the 120.80 region retested


  • EUR/JPY is extending the correction lower and is now putting the key support at 122.00 the figure to the test.
  • The acceleration of the selling impulse carries the potential to drag the cross to recent lows in the 120.80/75 band ahead of YTD lows in sub-119.00 levels (‘flash crash’ in early January).
  • Furthermore, the negative view on the cross remains unchanged below the multi-month resistance line, today at 125.09.

EUR/JPY daiy chart

EUR/JPY

Overview
Today last price 122.05
Today Daily Change 30
Today Daily Change % -0.13
Today daily open 122.21
 
Trends
Daily SMA20 122.33
Daily SMA50 123.77
Daily SMA100 124.58
Daily SMA200 126.42
Levels
Previous Daily High 122.57
Previous Daily Low 122.12
Previous Weekly High 122.72
Previous Weekly Low 120.78
Previous Monthly High 125.24
Previous Monthly Low 120.92
Daily Fibonacci 38.2% 122.29
Daily Fibonacci 61.8% 122.4
Daily Pivot Point S1 122.03
Daily Pivot Point S2 121.86
Daily Pivot Point S3 121.59
Daily Pivot Point R1 122.48
Daily Pivot Point R2 122.75
Daily Pivot Point R3 122.92

 

 

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 pressured around 1.1200 amid dovish ECB comments

EUR/USD is trading around 1.1200 after ECB officials expressed concern about global growth President Draghi will speak later. Tension is rising toward the Fed decision after US retail sales surprised on Friday.

EUR/USD News

GBP/USD pressured below 1.2600, Conservative contest in focus

GBP/USD is trading below 1.2600, consolidating the losses seen on Friday after US retail sales beat expectations. The Conservative contest is heating up ahead of tomorrow's second vote.

GBP/USD News

USD/JPY: wait-and-see continues ahead of Fed

The dollar consolidates its gains against most rival, and scarce data exacerbates the quietness. USD/JPY bullish above 108.90, bearish below 108.10.

USD/JPY News

Gold: 100-month MA is a level to beat for the bulls

Gold (XAU/USD) is struggling to cut through key technical line which proved a tough nut to crack in 2018. The yellow metal rose to $1,358 on Friday, but the break above the 100-month MA.

Gold News

Gold: Signs of bullish exhaustion ahead of the Fed

Gold's rally seems to have run its course with signs of bullish exhaustion emerging on technical charts ahead of Wednesday's FOMC (Federal Open Market Committee) rate decision.

Read more

Majors

Cryptocurrencies

Signatures