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  • The cross has come under further selling pressure today and recedes below the 127.00 milestone after hitting fresh 2019 tops around 127.50 on Monday.
  • EUR/JPY remains on track to visit the key 200-day SMA at 128.10 as long at the 126.00 area holds the downside (early February peaks).
  • In the broader scenario and provided the short-term support line at 124.64 underpins, the positive outlook in the cross should stay unchanged.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  126.73
       Today Daily change:  27  pips
       Today Daily change %:  0.03%
       Today Daily Open:  126.69
Trends:
       Daily SMA20:  125.5
       Daily SMA50:  125.1
       Daily SMA100:  126.8
       Daily SMA200:  128.11
Levels:
       Previous Daily High:  127.4
       Previous Daily Low:  126.44
       Previous Weekly High:  127.52
       Previous Weekly Low:  125.38
       Previous Monthly High:  126.92
       Previous Monthly Low:  124.16
       Daily Fibonacci 38.2%:  126.8
       Daily Fibonacci 61.8%:  127.03
       Daily Pivot Point S1:  126.29
       Daily Pivot Point S2:  125.89
       Daily Pivot Point S3:  125.33
       Daily Pivot Point R1:  127.24
       Daily Pivot Point R2:  127.8
       Daily Pivot Point R3:  128.2