EUR/JPY Technical Analysis: EUR/JPY poised to break below 124.00
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EUR/JPY Technical Analysis: EUR/JPY poised to break below 124.00

  • The cross remains on the defensive so far today, extending the leg further south of the 125.00 key support amidst a persistent selling bias in the European currency.
  • EUR/JPY comes under extra downside pressure following the breakdown of the key short-term support line, today at 124.75.
  • The continuation of the selling bias should open the door for a potential visit to February lows in the 124.20/15 band ahead of mid-January low at 123.39.

EUR/JPY daily chart


       Today Last Price:  124.43
       Today Daily change:  75  pips
       Today Daily change %:  -0.31%
       Today Daily Open:  124.82
       Daily SMA20:  125.63
       Daily SMA50:  125.07
       Daily SMA100:  126.7
       Daily SMA200:  128.1
       Previous Daily High:  126.46
       Previous Daily Low:  124.66
       Previous Weekly High:  127.52
       Previous Weekly Low:  125.38
       Previous Monthly High:  126.92
       Previous Monthly Low:  124.16
       Daily Fibonacci 38.2%:  125.35
       Daily Fibonacci 61.8%:  125.77
       Daily Pivot Point S1:  124.17
       Daily Pivot Point S2:  123.52
       Daily Pivot Point S3:  122.37
       Daily Pivot Point R1:  125.96
       Daily Pivot Point R2:  127.11
       Daily Pivot Point R3:  127.76


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