Home EUR/JPY Technical Analysis: The cross is eroding the key resistance line at 125.86
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EUR/JPY Technical Analysis: The cross is eroding the key resistance line at 125.86

  • EUR/JPY is up for the third consecutive session today, moving beyond the key barrier at 125.00 the figure and challenging the critical resistance line, today at 125.86.
  • A surpass of this area will alleviate downside pressure and should allow the cross to re-target the 126.00 neighbourhood, where is located the 2019 peak.
  • On the downside, solid support is expected to emerge in the 124.90/95 band, where coincide the 21- and 10-day SMA.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  125.79
       Today Daily change:  59  pips
       Today Daily change %:  0.26%
       Today Daily Open:  125.46
Trends:
       Daily SMA20:  124.95
       Daily SMA50:  125.38
       Daily SMA100:  127.17
       Daily SMA200:  128.26
Levels:
       Previous Daily High:  125.54
       Previous Daily Low:  124.76
       Previous Weekly High:  125.54
       Previous Weekly Low:  124.19
       Previous Monthly High:  127.07
       Previous Monthly Low:  118.84
       Daily Fibonacci 38.2%:  125.24
       Daily Fibonacci 61.8%:  125.06
       Daily Pivot Point S1:  124.97
       Daily Pivot Point S2:  124.47
       Daily Pivot Point S3:  124.19
       Daily Pivot Point R1:  125.75
       Daily Pivot Point R2:  126.04
       Daily Pivot Point R3:  126.53

 

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