EUR/JPY Technical Analysis: Neutral bias unchanged. A test of 126.60 remains on the cards

  • EUR/JPY is struggling for direction at the end of the week, with the daily range limited around the 128.60 region, where converge the 10-day, and 21-day SMAs.
  • While below the short-term resistance line, today at 129.00, there is still room for a visit to November’s low at 126.61.
  • In the near term, the 129.00 handle and above remains a formidable resistance, coincident at the same time with the base of the daily cloud.

EUR/JPY daily chart















    Today Last Price: 128.32
    Today Daily change: 4.0 pips
    Today Daily change %: 0.0312%
    Today Daily Open: 128.28
    Previous Daily SMA20: 128.57
    Previous Daily SMA50: 129.14
    Previous Daily SMA100: 129.28
    Previous Daily SMA200: 129.78
    Previous Daily High: 128.47
    Previous Daily Low: 127.66
    Previous Weekly High: 129.33
    Previous Weekly Low: 127.92
    Previous Monthly High: 130.16
    Previous Monthly Low: 127.5
    Previous Daily Fibonacci 38.2%: 127.97
    Previous Daily Fibonacci 61.8%: 128.16
    Previous Daily Pivot Point S1: 127.81
    Previous Daily Pivot Point S2: 127.33
    Previous Daily Pivot Point S3: 127
    Previous Daily Pivot Point R1: 128.61
    Previous Daily Pivot Point R2: 128.94
    Previous Daily Pivot Point R3: 129.42


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