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  • EUR/JPY met some decent support in the 124.30 region on Friday, managing to rebound and regain the 125.00 handle for the time being.
  • Following the recent leg lower, the cross broke below the key short-term support line, today at 124.72.
  • Below this area, the cross is expected to accelerate losses to sub-124.00 levels ahead of mid-January lows in the 123.40 zone.

EUR/JPY daily chart


       Today Last Price:  125.1
       Today Daily change:  72  pips
       Today Daily change %:  0.22%
       Today Daily Open:  124.82
       Daily SMA20:  125.65
       Daily SMA50:  125.04
       Daily SMA100:  126.65
       Daily SMA200:  128.09
       Previous Daily High:  125.05
       Previous Daily Low:  124.26
       Previous Weekly High:  127.4
       Previous Weekly Low:  124.26
       Previous Monthly High:  126.92
       Previous Monthly Low:  124.16
       Daily Fibonacci 38.2%:  124.75
       Daily Fibonacci 61.8%:  124.56
       Daily Pivot Point S1:  124.37
       Daily Pivot Point S2:  123.93
       Daily Pivot Point S3:  123.59
       Daily Pivot Point R1:  125.16
       Daily Pivot Point R2:  125.5
       Daily Pivot Point R3:  125.94