- EUR/JPY is reverting yesterday’s pullback and is now targeting the 129.00 neighbourhood, all amidst a renewed sentiment favouring the risk-associated universe.
- Further north of 129.00 (base of the daily cloud) emerges an important band of resistance where sit the 21-day SMA (129.17), 100-day SMA (129.45) and 55-day SMA (129.74).
- Only above this area of resistance the cross could start to re-think the possibility of another visit to the key 200-day SMA at 130.36 ahead of September’s tops beyond 133.00 the figure.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 128.65
Daily change: 90 pips
Daily change: 0.705%
Daily Open: 127.75
Trends:
Daily SMA20: 129.18
Daily SMA50: 129.96
Daily SMA100: 129.44
Daily SMA200: 130.45
Levels:
Daily High: 128.56
Daily Low: 127.66
Weekly High: 130.22
Weekly Low: 126.63
Monthly High: 132.49
Monthly Low: 126.63
Daily Fibonacci 38.2%: 128
Daily Fibonacci 61.8%: 128.22
Daily Pivot Point S1: 127.42
Daily Pivot Point S2: 127.08
Daily Pivot Point S3: 126.51
Daily Pivot Point R1: 128.33
Daily Pivot Point R2: 128.9
Daily Pivot Point R3: 129.24
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