S&P500 Technical Analysis: Double bottom bull flag can be in the making above 2,700 figure

Flavio Tosti Independent Analyst

EUR/JPY 4-hour chart

EUR/JPY is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
EUR/JPY found some resistance at the 129.00 resistance suggesting that a pullback down to 128.00 and 127.50 can be in the making.
If bulls support the market at those levels the market might be creating a double bottom.

Additional key levels at a glance:

EUR/JPY

Overview:
    Last Price: 128.52
    Daily change: 12 pips
    Daily change: 0.0935%
    Daily Open: 128.4
Trends:
    Daily SMA20: 128.7
    Daily SMA50: 129.88
    Daily SMA100: 129.52
    Daily SMA200: 130.15
Levels:
    Daily High: 128.78
    Daily Low: 127.5
    Weekly High: 130.16
    Weekly Low: 128.6
    Monthly High: 132.49
    Monthly Low: 126.63
    Daily Fibonacci 38.2%: 128.29
    Daily Fibonacci 61.8%: 127.98
    Daily Pivot Point S1: 127.67
    Daily Pivot Point S2: 126.94
    Daily Pivot Point S3: 126.39
    Daily Pivot Point R1: 128.95
    Daily Pivot Point R2: 129.5
    Daily Pivot Point R3: 130.23

Author

Flavio Tosti

Independent Analyst

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