EUR/JPY Technical Analysis: The cross met some support near 124.00. Still poised for further decline

  • The cross is trading on an optimistic mood during the first half of the week and managing to gather some traction following recent lows in the vicinity of the 124.00 handle..
  • EUR/JPY is expected to remain under downside pressure as long as the short-term resistance lines caps, today at 126.33.
  • Further out, the downside pressure should be alleviated on a surpass of recent peaks in the 126.00 neighbourhood and the 55-day SMA at 126.06.

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 124.73
    Today Daily change: 40 pips
    Today Daily change %: 0.18%
    Today Daily Open: 124.5
Trends:
    Daily SMA20: 124.74
    Daily SMA50: 125.78
    Daily SMA100: 127.59
    Daily SMA200: 128.42
Levels:
    Previous Daily High: 124.88
    Previous Daily Low: 124.19
    Previous Weekly High: 125.96
    Previous Weekly Low: 124.16
    Previous Monthly High: 127.07
    Previous Monthly Low: 118.84
    Daily Fibonacci 38.2%: 124.62
    Daily Fibonacci 61.8%: 124.45
    Daily Pivot Point S1: 124.16
    Daily Pivot Point S2: 123.83
    Daily Pivot Point S3: 123.47
    Daily Pivot Point R1: 124.85
    Daily Pivot Point R2: 125.21
    Daily Pivot Point R3: 125.54

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

EUR/USD stabilizes as USD weakness is countered by a souring mood

EUR/USD trades around 1.1350 after both US durable goods orders and existing home sales disappoint and weigh on the USD. On the other hand, falling stocks boost the safe-haven greenback.

EUR/USD News

GBP/USD slips from the highs amid concerns about Brexit, global economy

GBP/USD trades in the mid 1.3000s, off the highs.,The clock is ticking towards Brexit and worries about the global economy also weigh. US data came out below expectations. 

GBP/USD News