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  • 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