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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

 

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
    Today Last Price: 122.46
    Today Daily change: -1.3e+2 pips
    Today Daily change %: -1.07%
    Today Daily Open: 123.79
Trends:
    Previous Daily SMA20: 127.2
    Previous Daily SMA50: 128.04
    Previous Daily SMA100: 128.95
    Previous Daily SMA200: 129.43
Levels:
    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

 

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