EUR/JPY Technical Analysis: Recovery stalled near the 200-day SMA. Initial support is located at the 100-day SMA at 129.41

Today’s bullish attempt in EUR/JPY run out of steam in the mid-130.00s, coincident with the 10-day SMA and close to the critical 200-day SMA, today at 130.82.
In the meantime, the bearish note in the cross remains well and sound as long as the resistance line at 132.83 caps.
The resumption of the downtrend should meet initial support at yesterday’s low at 129.21, seconded by September’s low at 127.86.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview:
    Last Price: 129.77
    Daily change: -27 pips
    Daily change: -0.208%
    Daily Open: 130.04
Trends:
    Daily SMA20: 131.28
    Daily SMA50: 129.57
    Daily SMA100: 129.38
    Daily SMA200: 130.9
Levels:
    Daily High: 130.24
    Daily Low: 129.21
    Weekly High: 132.49
    Weekly Low: 130.6
    Monthly High: 133.15
    Monthly Low: 127.87
    Daily Fibonacci 38.2%: 129.84
    Daily Fibonacci 61.8%: 129.6
    Daily Pivot Point S1: 129.42
    Daily Pivot Point S2: 128.8
    Daily Pivot Point S3: 128.4
    Daily Pivot Point R1: 130.44
    Daily Pivot Point R2: 130.85
    Daily Pivot Point R3: 131.47

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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