- The increasing selling bias around the European currency is now dragging EUR/JPY lower with immediate target at June’s low in the 126.60 region.
- A break below this area should pave the way for a potential visit to August’s low at 124.90, considered the latest defense of a probable test of YTD low at 124.61 recorded in late-May.
- On the upside, the initial hurdle emerges at 12958, where sits the 55-day SMA.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 127.14
Daily change: -71 pips
Daily change: -0.555%
Daily Open: 127.85
Trends:
Daily SMA20: 129.93
Daily SMA50: 129.9
Daily SMA100: 129.5
Daily SMA200: 130.6
Levels:
Daily High: 128.46
Daily Low: 127.5
Weekly High: 130.32
Weekly Low: 128.32
Monthly High: 133.15
Monthly Low: 127.87
Daily Fibonacci 38.2%: 127.86
Daily Fibonacci 61.8%: 128.09
Daily Pivot Point S1: 127.41
Daily Pivot Point S2: 126.97
Daily Pivot Point S3: 126.45
Daily Pivot Point R1: 128.37
Daily Pivot Point R2: 128.89
Daily Pivot Point R3: 129.33
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