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  • EUR/JPY is seeing some recovery following the softer tone around the Japanese safe haven today, managing to advance to the mid-124.00s.
  • As long as the cross remains below the 4-month resistance line, today at 126.38, the prospect stays negative with the next target at late January lows in the 123.80/75 band ahead of 123.39.
  • In order to somewhat recover the upside momentum, the cross needs to regain recent peaks in the 126.00 neighbourhood.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  124.5
       Today Daily change:  38  pips
       Today Daily change %:  0.14%
       Today Daily Open:  124.33
Trends:
       Daily SMA20:  124.72
       Daily SMA50:  125.86
       Daily SMA100:  127.67
       Daily SMA200:  128.45
Levels:
       Previous Daily High:  124.71
       Previous Daily Low:  124.16
       Previous Weekly High:  125.96
       Previous Weekly Low:  124.16
       Previous Monthly High:  127.07
       Previous Monthly Low:  118.84
       Daily Fibonacci 38.2%:  124.37
       Daily Fibonacci 61.8%:  124.5
       Daily Pivot Point S1:  124.09
       Daily Pivot Point S2:  123.86
       Daily Pivot Point S3:  123.55
       Daily Pivot Point R1:  124.64
       Daily Pivot Point R2:  124.95
       Daily Pivot Point R3:  125.18