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  • 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