EUR/JPY Technical Analysis: The 200-hour SMA below 125.00 caps the upside near term

The recovery in the cross following the ‘flash crash’ in the Japanese currency at the beginning of the year stalled just ahead 125.00 the figure, where sits the key 200-hour SMA and the 10-day SMA.
The inability of EUR/JPY to break above this area should prompt some near term consolidation, while in the broader picture the cross should keep the bearish stance while below the immediate resistance line, today at 126.22.

Pablo Piovano FXStreet

EUR/JPY hourly chart

EUR/JPY

Overview:
    Today Last Price: 124.44
    Today Daily change: -32 pips
    Today Daily change %: -0.256%
    Today Daily Open: 124.76
Trends:
    Previous Daily SMA20: 126.48
    Previous Daily SMA50: 127.8
    Previous Daily SMA100: 128.87
    Previous Daily SMA200: 129.32
Levels:
    Previous Daily High: 124.81
    Previous Daily Low: 123.4
    Previous Weekly High: 127.07
    Previous Weekly Low: 118.84
    Previous Monthly High: 129.3
    Previous Monthly Low: 125.36
    Previous Daily Fibonacci 38.2%: 124.27
    Previous Daily Fibonacci 61.8%: 123.94
    Previous Daily Pivot Point S1: 123.84
    Previous Daily Pivot Point S2: 122.91
    Previous Daily Pivot Point S3: 122.43
    Previous Daily Pivot Point R1: 125.25
    Previous Daily Pivot Point R2: 125.73
    Previous Daily Pivot Point R3: 126.66

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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