- The cross is attempting a sideline theme during the second half of the week around the 131.00 area, a key level where coincide the 200-day SMA, the 50% Fibo retracement of the 2018 drop and the short-term support line.
- Further weakness and a subsequent breach of this zone should meet initial contention at the 55-day SMA and the 100-day SMA at 129.63 and 129.38, respectively.
- A move further south is expected to test the next support at September’s low at 127.86.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 131.2
Daily change: 1.0 pips
Daily change: 0.00762%
Daily Open: 131.19
Trends:
Daily SMA20: 131.11
Daily SMA50: 129.56
Daily SMA100: 129.37
Daily SMA200: 131.03
Levels:
Daily High: 131.6
Daily Low: 130.74
Weekly High: 133.14
Weekly Low: 131.18
Monthly High: 133.15
Monthly Low: 127.87
Daily Fibonacci 38.2%: 131.07
Daily Fibonacci 61.8%: 131.27
Daily Pivot Point S1: 130.76
Daily Pivot Point S2: 130.33
Daily Pivot Point S3: 129.91
Daily Pivot Point R1: 131.61
Daily Pivot Point R2: 132.03
Daily Pivot Point R3: 132.46