29 Oct 2018
EUR/JPY Technical Analysis: Bearish view unchanged below 132.47
- The cross is attempting a rebound following the increasing selling bias around the Japanese Yen, managing to retake the 128.00 neaighbourhood so far.
- Immediate target to the downside now emerges at Friday’s low at 126.63. A persistent breakdown of this area should pave the way for a visit to August’s low near 124.90 ahead of 2018 lows in the 124.60 region. Adding to the selling mood, the cross keeps navigating below the daily cloud.
- On the upside, the initial hurdle emerges at 128.73, where is located the 10-day SMA.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 128.04
Daily change: 44 pips
Daily change: 0.345%
Daily Open: 127.6
Trends:
Daily SMA20: 129.72
Daily SMA50: 129.92
Daily SMA100: 129.49
Daily SMA200: 130.56
Levels:
Daily High: 127.92
Daily Low: 126.63
Weekly High: 130.22
Weekly Low: 126.63
Monthly High: 133.15
Monthly Low: 127.87
Daily Fibonacci 38.2%: 127.13
Daily Fibonacci 61.8%: 127.43
Daily Pivot Point S1: 126.85
Daily Pivot Point S2: 126.09
Daily Pivot Point S3: 125.55
Daily Pivot Point R1: 128.14
Daily Pivot Point R2: 128.68
Daily Pivot Point R3: 129.43