EUR/JPY Technical Analysis: The cross met some support near 124.00. Still poised for further decline

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  • The cross is trading on an optimistic mood during the first half of the week and managing to gather some traction following recent lows in the vicinity of the 124.00 handle..
  • EUR/JPY is expected to remain under downside pressure as long as the short-term resistance lines caps, today at 126.33.
  • Further out, the downside pressure should be alleviated on a surpass of recent peaks in the 126.00 neighbourhood and the 55-day SMA at 126.06.

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 124.73
    Today Daily change: 40 pips
    Today Daily change %: 0.18%
    Today Daily Open: 124.5
Trends:
    Daily SMA20: 124.74
    Daily SMA50: 125.78
    Daily SMA100: 127.59
    Daily SMA200: 128.42
Levels:
    Previous Daily High: 124.88
    Previous Daily Low: 124.19
    Previous Weekly High: 125.96
    Previous Weekly Low: 124.16
    Previous Monthly High: 127.07
    Previous Monthly Low: 118.84
    Daily Fibonacci 38.2%: 124.62
    Daily Fibonacci 61.8%: 124.45
    Daily Pivot Point S1: 124.16
    Daily Pivot Point S2: 123.83
    Daily Pivot Point S3: 123.47
    Daily Pivot Point R1: 124.85
    Daily Pivot Point R2: 125.21
    Daily Pivot Point R3: 125.54

 

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