Home EUR/JPY Technical Analysis: Further upside in the cross appears limited around 125.00
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EUR/JPY Technical Analysis: Further upside in the cross appears limited around 125.00

  • There is no change in the neutral stance on EUR/JPY, as it is expected to extend the current multi-session sideline theme for the time being, always capped by the critical 125.00 neighbourhood.
  • A convincing break above this important area of resistance should put the 127.00 region (late December peaks) back to the radar.
  • In the meantime, the current consolidative stance is seen unchanged as long as the 123.39 level contains the downside (low January 15).

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  125.01
       Today Daily change:  -0.08  pips
       Today Daily change %:  -0.06%
       Today Daily Open:  125.09
Trends:
       Daily SMA20:  124.43
       Daily SMA50:  126.38
       Daily SMA100:  128.1
       Daily SMA200:  128.69
Levels:
       Previous Daily High:  125.47
       Previous Daily Low:  124.88
       Previous Weekly High:  125.32
       Previous Weekly Low:  123.78
       Previous Monthly High:  129.3
       Previous Monthly Low:  125.36
       Daily Fibonacci 38.2%:  125.24
       Daily Fibonacci 61.8%:  125.1
       Daily Pivot Point S1:  124.82
       Daily Pivot Point S2:  124.55
       Daily Pivot Point S3:  124.22
       Daily Pivot Point R1:  125.41
       Daily Pivot Point R2:  125.74
       Daily Pivot Point R3:  126.01

 

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