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EUR/JPY Technical Analysis: Further rangebound seen near term

  • The cross is extending the down move following Friday’s bearish ‘outside day’, although it is so far underpinned by the 4-month support line, today at 127.52.
  • Further downside should initially test November’s low at 127.50 ahead of October’s low at 126.62.
  • On the way up, recent tops beyond 129.00 the figure offer immediate resistance, coincident with the base of the daily cloud.

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
       Today Last Price:  128.51
       Today Daily change:  -44  pips
       Today Daily change %:  -0.341%
       Today Daily Open:  128.95
Trends:
       Previous Daily SMA20:  128.79
       Previous Daily SMA50:  129.4
       Previous Daily SMA100:  129.37
       Previous Daily SMA200:  129.83
Levels:
       Previous Daily High:  129.3
       Previous Daily Low:  128.54
       Previous Weekly High:  129.33
       Previous Weekly Low:  127.92
       Previous Monthly High:  130.16
       Previous Monthly Low:  127.5
       Previous Daily Fibonacci 38.2%:  128.83
       Previous Daily Fibonacci 61.8%:  129.01
       Previous Daily Pivot Point S1:  128.56
       Previous Daily Pivot Point S2:  128.17
       Previous Daily Pivot Point S3:  127.8
       Previous Daily Pivot Point R1:  129.32
       Previous Daily Pivot Point R2:  129.69
       Previous Daily Pivot Point R3:  130.07

 

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