EUR/JPY Technical Analysis: Selling pressure should meet support in the 129.16/128.90 band

  • EUR/JPY is losing ground for the second session in a row in the second half of the week, coming under renewed downside pressure after testing the boundaries of the 200-day SMA earlier in the week.
  • In case the selling mood picks up extra pace, the 129.16/128.90 band emerges as initial contention, where align the 21-day SMA and the 10-day SMA.
  • A breakdown of this area of support should pave the way for a potential visit to October’s low at 126.62.

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
    Last Price: 129.15
    Daily change: -35 pips
    Daily change: -0.270%
    Daily Open: 129.5
Trends:
    Daily SMA20: 128.89
    Daily SMA50: 129.91
    Daily SMA100: 129.51
    Daily SMA200: 130.27
Levels:
    Daily High: 130.15
    Daily Low: 129.39
    Weekly High: 129.34
    Weekly Low: 127.24
    Monthly High: 132.49
    Monthly Low: 126.63
    Daily Fibonacci 38.2%: 129.68
    Daily Fibonacci 61.8%: 129.86
    Daily Pivot Point S1: 129.21
    Daily Pivot Point S2: 128.92
    Daily Pivot Point S3: 128.46
    Daily Pivot Point R1: 129.97
    Daily Pivot Point R2: 130.43
    Daily Pivot Point R3: 130.72

 

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