EUR/JPY Technical Analysis: The cross flirts with the 122.00 handle. The 55-day SMA remains a tough barrier


  • EUR/JPY keeps the sideline theme in the upper end of the range, advancing for the sixth consecutive session today although still unable to break above 122.00 the figure on a convincing fashion.
  • Furthermore, the cross needs to surpass the 55-day SMA at 122.51 to alleviate immeidate downside pressure and re-shift its focus to the 123.00 zone and above. Further up emerges July top at 123.35.
  • In the meantime, the bearish outlook on the cross remains intact below the short-term resistance line, today at 122.78.

EUR/JPY daily chart 

EUR/JPY

Overview
Today last price 122.01
Today Daily Change 23
Today Daily Change % -0.08
Today daily open 122.11
 
Trends
Daily SMA20 121.91
Daily SMA50 122.35
Daily SMA100 123.94
Daily SMA200 125.5
Levels
Previous Daily High 122.16
Previous Daily Low 121.61
Previous Weekly High 123.36
Previous Weekly Low 121.3
Previous Monthly High 123.18
Previous Monthly Low 120.78
Daily Fibonacci 38.2% 121.95
Daily Fibonacci 61.8% 121.82
Daily Pivot Point S1 121.76
Daily Pivot Point S2 121.42
Daily Pivot Point S3 121.22
Daily Pivot Point R1 122.31
Daily Pivot Point R2 122.51
Daily Pivot Point R3 122.85

 

 

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