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

 

 

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