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  • EUR/JPY is extending the rebound beyond the critical 125.00 the figure after bottoming out in the low-124.00s earlier in the week.
  • However, the bearish view on the cross is expected to remain in place as long as the short-term resistance line caps at 126.24.
  • Furthermore, a breakout of recent peaks around the 126.00 handle should mitigate the downside pressure.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  125.36
       Today Daily change:  45  pips
       Today Daily change %:  0.14%
       Today Daily Open:  125.19
Trends:
       Daily SMA20:  124.8
       Daily SMA50:  125.72
       Daily SMA100:  127.51
       Daily SMA200:  128.4
Levels:
       Previous Daily High:  125.3
       Previous Daily Low:  124.42
       Previous Weekly High:  125.96
       Previous Weekly Low:  124.16
       Previous Monthly High:  127.07
       Previous Monthly Low:  118.84
       Daily Fibonacci 38.2%:  124.96
       Daily Fibonacci 61.8%:  124.75
       Daily Pivot Point S1:  124.64
       Daily Pivot Point S2:  124.09
       Daily Pivot Point S3:  123.77
       Daily Pivot Point R1:  125.52
       Daily Pivot Point R2:  125.84
       Daily Pivot Point R3:  126.39