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EUR/JPY Technical Analysis: Recovery expected to remain shallow

  • EUR/JPY dipped below 120.00 during early trade following the ‘flash crash’ in the Japanese Yen, recording at the same time the lowest level since late April 2017.
  • The negative stance in the cross is expected to prevail as long as it trades below the 3-month resistance line, today at 128.28.
  • Any serious attempt of recovery should regain the 124.60 region (May 2108 lows) ahead of 124.90 (August 2018 lows).

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
       Today Last Price:  122.46
       Today Daily change:  -1.3e+2  pips
       Today Daily change %:  -1.07%
       Today Daily Open:  123.79
Trends:
       Previous Daily SMA20:  127.2
       Previous Daily SMA50:  128.04
       Previous Daily SMA100:  128.95
       Previous Daily SMA200:  129.43
Levels:
       Previous Daily High:  126.39
       Previous Daily Low:  123.7
       Previous Weekly High:  127.1
       Previous Weekly Low:  125.36
       Previous Monthly High:  129.3
       Previous Monthly Low:  125.36
       Previous Daily Fibonacci 38.2%:  124.72
       Previous Daily Fibonacci 61.8%:  125.36
       Previous Daily Pivot Point S1:  122.86
       Previous Daily Pivot Point S2:  121.93
       Previous Daily Pivot Point S3:  120.17
       Previous Daily Pivot Point R1:  125.56
       Previous Daily Pivot Point R2:  127.32
       Previous Daily Pivot Point R3:  128.25

 

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