EUR/JPY Technical Analysis: Interim support emerged at 121.60

The le lower in EUR/JPY appears so far to have met decent support in the 121.60 region, coincident with today’s and Friday’s low.
A breach of this area of contention should expose recent lows in the 120.80/75 band ahead of 2019 lows in sub-119.00 levels (‘flash crash’ in early January).
On the broader outlook, the bearish bias on the cross remains intact below the multi-month resistance line, today at 124.98.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	121.73
Today Daily Change	37
Today Daily Change %	0.04
Today daily open	121.68

Trends
Daily SMA20	122.27
Daily SMA50	123.7
Daily SMA100	124.54
Daily SMA200	126.38

Levels
Previous Daily High	122.3
Previous Daily Low	121.58
Previous Weekly High	123.18
Previous Weekly Low	121.58
Previous Monthly High	125.24
Previous Monthly Low	120.92
Daily Fibonacci 38.2%	121.86
Daily Fibonacci 61.8%	122.02
Daily Pivot Point S1	121.41
Daily Pivot Point S2	121.14
Daily Pivot Point S3	120.7
Daily Pivot Point R1	122.12
Daily Pivot Point R2	122.56
Daily Pivot Point R3	122.83

Author

Pablo Piovano

FXStreet

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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