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  • After briefly testing the area above the critical 129.00 handle, the cross came under some selling pressure today and is now eroding the (now support) line at 128.67.
  • EUR/JPY now needs to surpass recent tops around 129.30 to allow for extra gains to the 200-day SMA at 129.85, considered the last defence of November’s high in the 130.20 zone.
  • On the downside, initial contention should emerge in the mid-127.00s, or November’s low.

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
       Today Last Price:  128.81
       Today Daily change:  -38  pips
       Today Daily change %:  -0.294%
       Today Daily Open:  129.19
Trends:
       Previous Daily SMA20:  128.79
       Previous Daily SMA50:  129.61
       Previous Daily SMA100:  129.45
       Previous Daily SMA200:  129.88
Levels:
       Previous Daily High:  129.28
       Previous Daily Low:  128.24
       Previous Weekly High:  129.12
       Previous Weekly Low:  127.82
       Previous Monthly High:  132.49
       Previous Monthly Low:  126.63
       Previous Daily Fibonacci 38.2%:  128.88
       Previous Daily Fibonacci 61.8%:  128.64
       Previous Daily Pivot Point S1:  128.53
       Previous Daily Pivot Point S2:  127.87
       Previous Daily Pivot Point S3:  127.5
       Previous Daily Pivot Point R1:  129.56
       Previous Daily Pivot Point R2:  129.93
       Previous Daily Pivot Point R3:  130.59