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  • EUR/JPY is trading in a bear trend below the 200-period simple moving average (SMA) on the 4-hour chart ahead of the US  mid-term elections.
  • EUR/JPY broke above the 128.00 level as it is supported by the 100 SMA suggesting further gains ahead.  
  • A bear breakout below 127.61 (November 1 low) would be a sign of weakness for bulls.  

EUR/JPY 4-hour chart

Resistance 1:    129.50 figure
Resistance 2:    130.22 October 22 swing high
Resistance 3:    131.00 figure

Support 1:      129.00 figure
Support 2:      127.61 November 1 low
Support 3:      126.63 October low
Support 4:      126.00 figure

 

Additional key levels at a glance:

EUR/JPY

Overview:
       Last Price:  129.19
       Daily change:  28  pips
       Daily change:  0.217%
       Daily Open:  128.91
Trends:
       Daily SMA20:  128.95
       Daily SMA50:  129.95
       Daily SMA100:  129.45
       Daily SMA200:  130.38
Levels:
       Daily High:  129.34
       Daily Low:  128.37
       Weekly High:  129.34
       Weekly Low:  127.24
       Monthly High:  132.49
       Monthly Low:  126.63
       Daily Fibonacci 38.2%:  128.97
       Daily Fibonacci 61.8%:  128.74
       Daily Pivot Point S1:  128.4
       Daily Pivot Point S2:  127.9
       Daily Pivot Point S3:  127.43
       Daily Pivot Point R1:  129.38
       Daily Pivot Point R2:  129.85
       Daily Pivot Point R3:  130.35