EUR/JPY Technical Analysis: Scope for a test of YTD lows at 117.50

  • EUR/JPY is reversing two sessions with gains and has resumed its attention to the area below the 118.00 mark.
  • The current move lower should immediately target 2019 lows in the mid-117.00s (August 12) ahead of 2017 low at 114.85.
  • While below the immediate resistance line at 119.95 caps the upside, the bearish view is expected to persist. Above this area, the downside pressure should subside somewhat.

EUR/JPY daily chart


Today last price 117.84
Today Daily Change 49
Today Daily Change % -0.25
Today daily open 118.13
Daily SMA20 119.32
Daily SMA50 120.81
Daily SMA100 122.37
Daily SMA200 124.25
Previous Daily High 118.48
Previous Daily Low 117.85
Previous Weekly High 119.59
Previous Weekly Low 117.52
Previous Monthly High 123.36
Previous Monthly Low 120.04
Daily Fibonacci 38.2% 118.24
Daily Fibonacci 61.8% 118.09
Daily Pivot Point S1 117.83
Daily Pivot Point S2 117.52
Daily Pivot Point S3 117.19
Daily Pivot Point R1 118.46
Daily Pivot Point R2 118.78
Daily Pivot Point R3 119.09




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