EUR/JPY Technical Analysis: Recovery now targets 126.00 and above

  • EUR/JPY is extending the rebound beyond the critical 125.00 the figure after bottoming out in the low-124.00s earlier in the week.
  • However, the bearish view on the cross is expected to remain in place as long as the short-term resistance line caps at 126.24.
  • Furthermore, a breakout of recent peaks around the 126.00 handle should mitigate the downside pressure.

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 125.36
    Today Daily change: 45 pips
    Today Daily change %: 0.14%
    Today Daily Open: 125.19
Trends:
    Daily SMA20: 124.8
    Daily SMA50: 125.72
    Daily SMA100: 127.51
    Daily SMA200: 128.4
Levels:
    Previous Daily High: 125.3
    Previous Daily Low: 124.42
    Previous Weekly High: 125.96
    Previous Weekly Low: 124.16
    Previous Monthly High: 127.07
    Previous Monthly Low: 118.84
    Daily Fibonacci 38.2%: 124.96
    Daily Fibonacci 61.8%: 124.75
    Daily Pivot Point S1: 124.64
    Daily Pivot Point S2: 124.09
    Daily Pivot Point S3: 123.77
    Daily Pivot Point R1: 125.52
    Daily Pivot Point R2: 125.84
    Daily Pivot Point R3: 126.39

 

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