Home EUR/JPY Technical Analysis: Downside picks up pace and expose the 55-day SMA at 129.62
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EUR/JPY Technical Analysis: Downside picks up pace and expose the 55-day SMA at 129.62

  • Renewed and strong selling pressure around the single currency plus the risk-off environment are dragging EUR/JPY to fresh multi-day lows and a potential test of the 55-day SMA in the 129.60 region.
  • A breakdown of this area should pave the way for a test of the (now) support line off 2018 tops, today at 129.27.
  • Further south the cross should mee September’s low at 127.86 ahead of August’s low at 124.90.

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
       Last Price:  129.81
       Daily change:  -1.2e+2  pips
       Daily change:  -0.886%
       Daily Open:  130.97
Trends:
       Daily SMA20:  131.25
       Daily SMA50:  129.59
       Daily SMA100:  129.37
       Daily SMA200:  131.01
Levels:
       Daily High:  131.44
       Daily Low:  130.6
       Weekly High:  132.49
       Weekly Low:  130.6
       Monthly High:  133.15
       Monthly Low:  127.87
       Daily Fibonacci 38.2%:  130.92
       Daily Fibonacci 61.8%:  131.12
       Daily Pivot Point S1:  130.57
       Daily Pivot Point S2:  130.17
       Daily Pivot Point S3:  129.74
       Daily Pivot Point R1:  131.4
       Daily Pivot Point R2:  131.84
       Daily Pivot Point R3:  132.24

 

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