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  • The cross is so far reverting yesterday’s daily pullback and appears well supported in the now new contention area in the 125.00 neighbourhood.
  • However, the negative stance on EUR/JPY is expected to remain in place as long as the short-term resistance line caps at 126.17.
  • This area of resistance is reinforced by early February peaks around the 126.00 handle and the cross needs to clear it to allow for a more serious bullish attempt.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  125.32
       Today Daily change:  60  pips
       Today Daily change %:  0.21%
       Today Daily Open:  125.06
Trends:
       Daily SMA20:  124.84
       Daily SMA50:  125.65
       Daily SMA100:  127.44
       Daily SMA200:  128.37
Levels:
       Previous Daily High:  125.54
       Previous Daily Low:  125
       Previous Weekly High:  125.96
       Previous Weekly Low:  124.16
       Previous Monthly High:  127.07
       Previous Monthly Low:  118.84
       Daily Fibonacci 38.2%:  125.2
       Daily Fibonacci 61.8%:  125.33
       Daily Pivot Point S1:  124.85
       Daily Pivot Point S2:  124.65
       Daily Pivot Point S3:  124.3
       Daily Pivot Point R1:  125.4
       Daily Pivot Point R2:  125.75
       Daily Pivot Point R3:  125.95