- The cross is prolonging the up move on the back of the improving sentiment in the riskier assets and is flirting with the base of the daily cloud.
- EUR/JPY managed to regain the key 129.00 area and above. Further upside should meet a critical resistance at the 200-day SMA, today at 130.33. If cleared, the next up barrier emerges at the 130.88/131.15 band, where coincide peaks seen in later August/September.
- A resumption of the offered bias should meet initial contention at 128.34, the 10-day SMA, ahead of monthly low at 126.62 (October 26).
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 129.21
Daily change: 62 pips
Daily change: 0.482%
Daily Open: 128.59
Trends:
Daily SMA20: 129.05
Daily SMA50: 129.96
Daily SMA100: 129.44
Daily SMA200: 130.41
Levels:
Daily High: 128.78
Daily Low: 127.62
Weekly High: 130.22
Weekly Low: 126.63
Monthly High: 132.49
Monthly Low: 126.63
Daily Fibonacci 38.2%: 128.34
Daily Fibonacci 61.8%: 128.06
Daily Pivot Point S1: 127.87
Daily Pivot Point S2: 127.16
Daily Pivot Point S3: 126.7
Daily Pivot Point R1: 129.04
Daily Pivot Point R2: 129.5
Daily Pivot Point R3: 130.21
Share
