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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 price122.05
Today Daily Change30
Today Daily Change %-0.13
Today daily open122.21
 
Trends
Daily SMA20122.33
Daily SMA50123.77
Daily SMA100124.58
Daily SMA200126.42
Levels
Previous Daily High122.57
Previous Daily Low122.12
Previous Weekly High122.72
Previous Weekly Low120.78
Previous Monthly High125.24
Previous Monthly Low120.92
Daily Fibonacci 38.2%122.29
Daily Fibonacci 61.8%122.4
Daily Pivot Point S1122.03
Daily Pivot Point S2121.86
Daily Pivot Point S3121.59
Daily Pivot Point R1122.48
Daily Pivot Point R2122.75
Daily Pivot Point R3122.92

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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