OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY Technical Analysis: Recovery expected to remain shallow

  • EUR/JPY dipped below 120.00 during early trade following the ‘flash crash’ in the Japanese Yen, recording at the same time the lowest level since late April 2017.
  • The negative stance in the cross is expected to prevail as long as it trades below the 3-month resistance line, today at 128.28.
  • Any serious attempt of recovery should regain the 124.60 region (May 2108 lows) ahead of 124.90 (August 2018 lows).

EUR/JPY daily chart














    Today Last Price: 122.46
    Today Daily change: -1.3e+2 pips
    Today Daily change %: -1.07%
    Today Daily Open: 123.79
    Previous Daily SMA20: 127.2
    Previous Daily SMA50: 128.04
    Previous Daily SMA100: 128.95
    Previous Daily SMA200: 129.43
    Previous Daily High: 126.39
    Previous Daily Low: 123.7
    Previous Weekly High: 127.1
    Previous Weekly Low: 125.36
    Previous Monthly High: 129.3
    Previous Monthly Low: 125.36
    Previous Daily Fibonacci 38.2%: 124.72
    Previous Daily Fibonacci 61.8%: 125.36
    Previous Daily Pivot Point S1: 122.86
    Previous Daily Pivot Point S2: 121.93
    Previous Daily Pivot Point S3: 120.17
    Previous Daily Pivot Point R1: 125.56
    Previous Daily Pivot Point R2: 127.32
    Previous Daily Pivot Point R3: 128.25


USD/CHF tests 0.99 following upbeat ADP employment data

After adding 70 pips on Wednesday, the USD/CHF pair struggled to preserve its bullish momentum today and continues to trade below 0.9900 despite the u
Read more Previous

GBP/USD struggles to make it through 1.2600 handle

   •  Some renewed USD selling helped stage a solid rebound from 21-month lows.    •  The USD bulls seemed little impressed by stronger than expected
Read more Next
Start livechat