- EUR/JPY keeps extending the rejection from recent tops in the 126.00 neighbourhood and is now flirting with the 21-day SMA in the 124.70 region.
- A deeper correction is expected to meet the next support at last Friday’s lows at 124.36 ahead of late January lows in the 123.80/75 band.
- Any bullish attempts should now regain the critical 125.00 area, home of recent failed bullish attempts and reinforced by the 10-day SMA, today at 125.01. While the short-term resistance line at 126.57 caps, the bearish view is expected to prevail.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 124.87
Today Daily change: 38 pips
Today Daily change %: -0.10%
Today Daily Open: 124.99
Trends:
Daily SMA20: 124.74
Daily SMA50: 126.04
Daily SMA100: 127.82
Daily SMA200: 128.51
Levels:
Previous Daily High: 125.5
Previous Daily Low: 124.81
Previous Weekly High: 125.74
Previous Weekly Low: 124.36
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 125.08
Daily Fibonacci 61.8%: 125.24
Daily Pivot Point S1: 124.7
Daily Pivot Point S2: 124.41
Daily Pivot Point S3: 124.01
Daily Pivot Point R1: 125.4
Daily Pivot Point R2: 125.8
Daily Pivot Point R3: 126.09
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