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EUR/JPY Technical Analysis: Outlook stays bearish below 125.00

  • The consolidative theme in EUR/JPY remains well and sound for yet another session, always below the critical resistance are around the 125.00 handle.
  • This strong area of resistance is also reinforced by 124.91 (August 2018 low) and recent unsuccessful bullish attempts.
  • Extra consolidation is thus expected for the time being, while a potential visit to lows in the 123.40 region is not ruled out.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  124.23
       Today Daily change:  0.29  pips
       Today Daily change %:  0.23%
       Today Daily Open:  123.94
Trends:
       Daily SMA20:  124.5
       Daily SMA50:  126.67
       Daily SMA100:  128.26
       Daily SMA200:  128.84
Levels:
       Previous Daily High:  124.91
       Previous Daily Low:  123.78
       Previous Weekly High:  124.98
       Previous Weekly Low:  123.39
       Previous Monthly High:  129.3
       Previous Monthly Low:  125.36
       Daily Fibonacci 38.2%:  124.21
       Daily Fibonacci 61.8%:  124.48
       Daily Pivot Point S1:  123.52
       Daily Pivot Point S2:  123.09
       Daily Pivot Point S3:  122.39
       Daily Pivot Point R1:  124.64
       Daily Pivot Point R2:  125.34
       Daily Pivot Point R3:  125.77

 

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