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  • After two consecutive daily advances, EUR/JPY is now struggling to add to recent gains amidst some renewed selling pressure hitting the European currency.
  • The resumption of the downtrend could well see October’s low in the 1.2660 region retested ahead of August’s low at 124.91.
  • On the upside, a clear break above the 10-day SMA at 128.42 should open the door for a visit to the 129.00 neighbourhood (where sits the base of the daily cloud) and above, where emerge the 21-, 100- and 55-day SMA.

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
       Last Price:  128.26
       Daily change:  -8.0  pips
       Daily change:  -0.0623%
       Daily Open:  128.34
Trends:
       Daily SMA20:  129.37
       Daily SMA50:  129.97
       Daily SMA100:  129.46
       Daily SMA200:  130.49
Levels:
       Daily High:  128.46
       Daily Low:  127.74
       Weekly High:  130.22
       Weekly Low:  126.63
       Monthly High:  133.15
       Monthly Low:  127.87
       Daily Fibonacci 38.2%:  128.18
       Daily Fibonacci 61.8%:  128.01
       Daily Pivot Point S1:  127.9
       Daily Pivot Point S2:  127.46
       Daily Pivot Point S3:  127.18
       Daily Pivot Point R1:  128.62
       Daily Pivot Point R2:  128.9
       Daily Pivot Point R3:  129.34