- The cross is prolonging the leg lower for another day following the recent rejection from weekly peaks in the mid-125.00s.
- The bearish outlook remains well in place as long as EUR/JPY trades below the short-term resistance line, today at 126.14, and YTD peaks in the 126.00 neighbourhood.
- The ongoing selling mood carries the potential to drag the cross to, initially, monthly lows near 124.20.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 124.32
Today Daily change: 61 pips
Today Daily change %: -0.38%
Today Daily Open: 124.79
Trends:
Daily SMA20: 124.86
Daily SMA50: 125.58
Daily SMA100: 127.36
Daily SMA200: 128.34
Levels:
Previous Daily High: 125.46
Previous Daily Low: 124.74
Previous Weekly High: 125.96
Previous Weekly Low: 124.16
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 125.02
Daily Fibonacci 61.8%: 125.19
Daily Pivot Point S1: 124.54
Daily Pivot Point S2: 124.28
Daily Pivot Point S3: 123.82
Daily Pivot Point R1: 125.26
Daily Pivot Point R2: 125.72
Daily Pivot Point R3: 125.97
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