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EUR/JPY Technical Analysis: Euro retraces to 129.00 level and ready for more losses

  • EUR/JPY is trading in a bear trend below the 200-period simple moving average.
  • EUR/JPY is currently finding some support near the 129.00 figure and the 100-period simple moving average. Technical indicators are bearishly configured suggesting losses in the sessions ahead.  
  • Support can be seen near 128.32 (October 18 low) and 127.61 (November 1 low).

EUR/JPY 4-hour chart

Resistance 1:    129.50 figure
Resistance 2:    130.00 figure
Resistance 3:    131.00 figure
Resistance 4:    131.90 September 24 low

Support 1:      129.00 figure
Support 2:      128.32 October 18 low
Support 3:      127.61 November 1 low
Support 4:      126.63 October low
Support 5:      126.00 figure

 

Additional key levels at a glance:

EUR/JPY

Overview:
       Last Price:  129.02
       Daily change:  -48  pips
       Daily change:  -0.371%
       Daily Open:  129.5
Trends:
       Daily SMA20:  128.89
       Daily SMA50:  129.91
       Daily SMA100:  129.51
       Daily SMA200:  130.27
Levels:
       Daily High:  130.15
       Daily Low:  129.39
       Weekly High:  129.34
       Weekly Low:  127.24
       Monthly High:  132.49
       Monthly Low:  126.63
       Daily Fibonacci 38.2%:  129.68
       Daily Fibonacci 61.8%:  129.86
       Daily Pivot Point S1:  129.21
       Daily Pivot Point S2:  128.92
       Daily Pivot Point S3:  128.46
       Daily Pivot Point R1:  129.97
       Daily Pivot Point R2:  130.43
       Daily Pivot Point R3:  130.72

 

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