Home EUR/JPY Technical Analysis: The cross stays under pressure. Could re-test 123.00 and below
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EUR/JPY Technical Analysis: The cross stays under pressure. Could re-test 123.00 and below

  • EUR/JPY has come under renewed selling pressure today following an increasing buying bias around the Japanese safe haven.
  • The continuation of the leg lower carries the potential to re-visit the 123.00 mark and below, although post-‘flash crash’ levels near 119.00 should be out of reach for the time being.
  • On the upside, it seems the cross needs to regain recent peaks around 125.00 to, at least, remove some downside pressure.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  123.93
       Today Daily change:  -50  pips
       Today Daily change %:  -0.402%
       Today Daily Open:  124.43
Trends:
       Previous Daily SMA20:  125.68
       Previous Daily SMA50:  127.49
       Previous Daily SMA100:  128.72
       Previous Daily SMA200:  129.19
Levels:
       Previous Daily High:  125
       Previous Daily Low:  124.22
       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%:  124.52
       Previous Daily Fibonacci 61.8%:  124.7
       Previous Daily Pivot Point S1:  124.1
       Previous Daily Pivot Point S2:  123.78
       Previous Daily Pivot Point S3:  123.33
       Previous Daily Pivot Point R1:  124.88
       Previous Daily Pivot Point R2:  125.33
       Previous Daily Pivot Point R3:  125.65

 

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