EUR/JPY Technical Analysis: The mid-127.00s holds the downside for the time being
- EUR/JPY is reverting three consecutive negative sessions and manages to regain the 128.00 handle and above after bottoming out near the key support area in the mid-127.00s.
- Further recovery should meet initial and strong resistance in the 129.00 neighbourhood, where coincide recent tops, the short-term resistance line and the base of the daily cloud.
- A resumption of the downtrend should expose October’s low at 126.62.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 128.08
Today Daily change: 15 pips
Today Daily change %: 0.117%
Today Daily Open: 127.93
Trends:
Previous Daily SMA20: 128.71
Previous Daily SMA50: 129.3
Previous Daily SMA100: 129.34
Previous Daily SMA200: 129.81
Levels:
Previous Daily High: 129.07
Previous Daily Low: 127.61
Previous Weekly High: 129.33
Previous Weekly Low: 127.92
Previous Monthly High: 130.16
Previous Monthly Low: 127.5
Previous Daily Fibonacci 38.2%: 128.17
Previous Daily Fibonacci 61.8%: 128.52
Previous Daily Pivot Point S1: 127.34
Previous Daily Pivot Point S2: 126.74
Previous Daily Pivot Point S3: 125.87
Previous Daily Pivot Point R1: 128.8
Previous Daily Pivot Point R2: 129.67
Previous Daily Pivot Point R3: 130.27