Home EUR/JPY Technical Analysis: The cross retreated below the short-term resistance line at 126.18
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EUR/JPY Technical Analysis: The cross retreated below the short-term resistance line at 126.18

  • After hitting fresh 2019 highs beyond 126.00 the figure earlier in the week, EUR/JPY has sparked a correction lower and receded below the key short-term resistance line, today at 126.18.
  • The continuation of the selling impetus should meet initial support in the 125.18/43 band, where converges the 55-, 10- and 21-day SMAs .
  • Further south, February’s low at 124.17 should emerge as the next relevnt support.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  125.78
       Today Daily change:  45  pips
       Today Daily change %:  -0.14%
       Today Daily Open:  125.96
Trends:
       Daily SMA20:  125.2
       Daily SMA50:  125.12
       Daily SMA100:  126.92
       Daily SMA200:  128.14
Levels:
       Previous Daily High:  126.23
       Previous Daily Low:  125.72
       Previous Weekly High:  125.94
       Previous Weekly Low:  124.7
       Previous Monthly High:  127.07
       Previous Monthly Low:  118.84
       Daily Fibonacci 38.2%:  125.91
       Daily Fibonacci 61.8%:  126.03
       Daily Pivot Point S1:  125.7
       Daily Pivot Point S2:  125.45
       Daily Pivot Point S3:  125.19
       Daily Pivot Point R1:  126.22
       Daily Pivot Point R2:  126.48
       Daily Pivot Point R3:  126.73

 

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