EUR/JPY Technical Analysis: The cross stays under pressure. Could re-test 123.00 and below

  • EUR/JPY has come under renewed selling pressure today following an increasing buying bias around the Japanese safe haven.
  • The continuation of the leg lower carries the potential to re-visit the 123.00 mark and below, although post-‘flash crash’ levels near 119.00 should be out of reach for the time being.
  • On the upside, it seems the cross needs to regain recent peaks around 125.00 to, at least, remove some downside pressure.

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 123.93
    Today Daily change: -50 pips
    Today Daily change %: -0.402%
    Today Daily Open: 124.43
Trends:
    Previous Daily SMA20: 125.68
    Previous Daily SMA50: 127.49
    Previous Daily SMA100: 128.72
    Previous Daily SMA200: 129.19
Levels:
    Previous Daily High: 125
    Previous Daily Low: 124.22
    Previous Weekly High: 125.1
    Previous Weekly Low: 123.4
    Previous Monthly High: 129.3
    Previous Monthly Low: 125.36
    Previous Daily Fibonacci 38.2%: 124.52
    Previous Daily Fibonacci 61.8%: 124.7
    Previous Daily Pivot Point S1: 124.1
    Previous Daily Pivot Point S2: 123.78
    Previous Daily Pivot Point S3: 123.33
    Previous Daily Pivot Point R1: 124.88
    Previous Daily Pivot Point R2: 125.33
    Previous Daily Pivot Point R3: 125.65

 

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