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  • The continuation of the downside pressure in the single currency is forcing EUR/JPY to recede for another session and test the proximity of the 126.00 handle.
  • As long as the short-term resistance line holds the downside, today at 124.71, the outlook on the cross should remain constructive.
  • Immediate target on the upside remains recent tops in the mid-127.00s ahead of the critical 200-day SMA at 128.10.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  126.4
       Today Daily change:  33  pips
       Today Daily change %:  -0.07%
       Today Daily Open:  126.49
Trends:
       Daily SMA20:  125.55
       Daily SMA50:  125.11
       Daily SMA100:  126.77
       Daily SMA200:  128.12
Levels:
       Previous Daily High:  126.96
       Previous Daily Low:  126.36
       Previous Weekly High:  127.52
       Previous Weekly Low:  125.38
       Previous Monthly High:  126.92
       Previous Monthly Low:  124.16
       Daily Fibonacci 38.2%:  126.59
       Daily Fibonacci 61.8%:  126.73
       Daily Pivot Point S1:  126.24
       Daily Pivot Point S2:  126
       Daily Pivot Point S3:  125.64
       Daily Pivot Point R1:  126.85
       Daily Pivot Point R2:  127.21
       Daily Pivot Point R3:  127.45