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  • The cross is attempting a rebound following the increasing selling bias around the Japanese Yen, managing to retake the 128.00 neaighbourhood so far.
  • Immediate target to the downside now emerges at Friday’s low at 126.63. A persistent breakdown of this area should pave the way for a visit to August’s low near 124.90 ahead of 2018 lows in the 124.60 region. Adding to the selling mood, the cross keeps navigating below the daily cloud.
  • On the upside, the initial hurdle emerges at 128.73, where is located the 10-day SMA.

EUR/JPY daily chart

EUR/JPY

Overview:
Last Price:  128.04
Daily change:  44  pips
Daily change:  0.345%
Daily Open:  127.6
Trends:
Daily SMA20:  129.72
Daily SMA50:  129.92
Daily SMA100:  129.49
Daily SMA200:  130.56
Levels:
Daily High:  127.92
Daily Low:  126.63
Weekly High:  130.22
Weekly Low:  126.63
Monthly High:  133.15
Monthly Low:  127.87
Daily Fibonacci 38.2%:  127.13
Daily Fibonacci 61.8%:  127.43
Daily Pivot Point S1:  126.85
Daily Pivot Point S2:  126.09
Daily Pivot Point S3:  125.55
Daily Pivot Point R1:  128.14
Daily Pivot Point R2:  128.68
Daily Pivot Point R3:  129.43