Home EUR/JPY Technical Analysis: Bullish attempts remain capped by 125.00. Extra consolidation likely near term
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EUR/JPY Technical Analysis: Bullish attempts remain capped by 125.00. Extra consolidation likely near term

  • EUR/JPY tested and failed once again to retake the 125.00 handle and above earlier today, leaving the neutral stance unchanged in the short-term horizon.
  • This significant area of resistance is reinforced by May/August 2018 lows in the 124.60/90 band.
  • A breakout above the 125.00 area is needed to allow for extra gains, which should face interim resistance at 125.60, where emerges the 21-day SMA.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  124.05
       Today Daily change:  -5.0  pips
       Today Daily change %:  -0.0403%
       Today Daily Open:  124.1
Trends:
       Previous Daily SMA20:  125.49
       Previous Daily SMA50:  127.39
       Previous Daily SMA100:  128.67
       Previous Daily SMA200:  129.16
Levels:
       Previous Daily High:  124.53
       Previous Daily Low:  123.76
       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%:  124.06
       Previous Daily Fibonacci 61.8%:  124.24
       Previous Daily Pivot Point S1:  123.73
       Previous Daily Pivot Point S2:  123.37
       Previous Daily Pivot Point S3:  122.97
       Previous Daily Pivot Point R1:  124.5
       Previous Daily Pivot Point R2:  124.9
       Previous Daily Pivot Point R3:  125.26

 

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