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EUR/JPY Technical Analysis: Recovery could test important resistance in the 125.00 region

  • EUR/JPY is extending the recovery for yet another session and is now approaching the critical resistance area around 125.00 the figure.
  • This hurdle is reinforced by August 2018 lows near 124.90 and the 21-day SMA, today at 125.11.
  • A break above this relevant zone is needed to allow extra gains, which should face the next key area 127.00, late December 2018 peaks.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  124.82
       Today Daily change:  37  pips
       Today Daily change %:  0.305%
       Today Daily Open:  124.44
Trends:
       Daily SMA20:  124.95
       Daily SMA50:  127.07
       Daily SMA100:  128.49
       Daily SMA200:  129.04
Levels:
       Previous Daily High:  124.68
       Previous Daily Low:  123.74
       Previous Weekly High:  125.1
       Previous Weekly Low:  123.4
       Previous Monthly High:  129.3
       Previous Monthly Low:  125.36
       Daily Fibonacci 38.2%:  124.32
       Daily Fibonacci 61.8%:  124.1
       Daily Pivot Point S1:  123.89
       Daily Pivot Point S2:  123.34
       Daily Pivot Point S3:  122.94
       Daily Pivot Point R1:  124.84
       Daily Pivot Point R2:  125.24
       Daily Pivot Point R3:  125.79

 

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