- 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
EUR/JPY
Overview:
Today Last Price: 124.43
Today Daily change: 75 pips
Today Daily change %: -0.31%
Today Daily Open: 124.82
Trends:
Daily SMA20: 125.63
Daily SMA50: 125.07
Daily SMA100: 126.7
Daily SMA200: 128.1
Levels:
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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