- The EUR/JPY is better bid at 128.78, having witnessed a falling channel breakout on the hourly chart yesterday. The cross has also charted a rising channel on the hourly chart.
- Further gains may not materialize, as the daily moving averages are biased toward bears. For instance, the 5- and 10-day SMAs have produced bearish crossover. Meanwhile, the hourly chart is reporting a bearish crossover between the 10- and 200-hour SMAs.
- The recent low of 127.50 could be put to test if the rising channel seen in the hourly chart is breached to the downside.
Hourly Chart
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Daily Chart
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EUR/JPY
Overview:
Last Price: 128.78
Daily change: 38 pips
Daily change: 0.296%
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
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