Home EUR/JPY Technical Analysis: Recovery faltered ahead of the 126.00 area
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EUR/JPY Technical Analysis: Recovery faltered ahead of the 126.00 area

  • The upside in the cross appears to have met a strong hurdle in the boundaries of the 126.00 mark, where emerges the 10-day SMA.
  • A break above this level should give extra legs to the ongoing recovery, initially targeting the 100-day SMA at 126.58 ahead of the 200-week SMA, today at 127.16.
  • Looking at the broader picture, the upside in the cross appears propped up by the short-term support line at 124.35.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  125.61
       Today Daily change:  28  pips
       Today Daily change %:  -0.04%
       Today Daily Open:  125.66
Trends:
       Daily SMA20:  125.71
       Daily SMA50:  125.03
       Daily SMA100:  126.58
       Daily SMA200:  128.06
Levels:
       Previous Daily High:  125.84
       Previous Daily Low:  125.02
       Previous Weekly High:  127.4
       Previous Weekly Low:  124.26
       Previous Monthly High:  126.92
       Previous Monthly Low:  124.16
       Daily Fibonacci 38.2%:  125.52
       Daily Fibonacci 61.8%:  125.33
       Daily Pivot Point S1:  125.17
       Daily Pivot Point S2:  124.68
       Daily Pivot Point S3:  124.34
       Daily Pivot Point R1:  125.99
       Daily Pivot Point R2:  126.33
       Daily Pivot Point R3:  126.82

 

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