- EUR/JPY is extending the leg lower for the fifth straight session today, briefly testing lows in the 129.70 area albeit regaining 130.00 the figure later.
- The cross is eroding the key resistance area around 130.40, or June peaks, although it still manages to keep business above the daily cloud (bullish) and the short-term support line (around 1280.90), which should keep alive another potential test of the 132.00 neighbourhood.
- Additionally, the daily RSI is around 50, while the ADX at 20 denotes a somewhat weak trend.
EUR/JPY daily chart
Daily high: 130.39
Daily low: 129.74
Support Levels
S1: 129.79
S2: 129.38
S3: 128.90
Resistance Levels
R1: 130.68
R2: 131.16
R3: 131.56
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