EUR/JPY Technical Analysis: No change. Further consolidation below 125.00 is expected to persist

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  • The multi-session consolidative theme in EUR/JPY is poised to continue for the time being, always below the strong up barrier at 125.00 the figure.
  • This important area of resistance is also supported by 124.91 (August 2018 low) and recent unsuccessful bullish attempts.
  • As long as this area caps the upside, a pullback to, initially, 123.39 (low January 15) should remain on the cards.

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 124.7
    Today Daily change: -0.04 pips
    Today Daily change %: -0.03%
    Today Daily Open: 124.74
Trends:
    Daily SMA20: 124.65
    Daily SMA50: 126.76
    Daily SMA100: 128.31
    Daily SMA200: 128.89
Levels:
    Previous Daily High: 124.95
    Previous Daily Low: 124.19
    Previous Weekly High: 124.98
    Previous Weekly Low: 123.39
    Previous Monthly High: 129.3
    Previous Monthly Low: 125.36
    Daily Fibonacci 38.2%: 124.66
    Daily Fibonacci 61.8%: 124.48
    Daily Pivot Point S1: 124.31
    Daily Pivot Point S2: 123.87
    Daily Pivot Point S3: 123.55
    Daily Pivot Point R1: 125.07
    Daily Pivot Point R2: 125.39
    Daily Pivot Point R3: 125.83

 

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