EUR/JPY Technical Analysis: Further upside limited around 125.00, near the 10-day SMA.
- The cross is now attempting to consolidate in the upper end of the recent range although a break above the critical 125.00 the figure still remains elusive for bulls.
- This area of resistance also coincides with August 2018 lows and is reinforced at the same time by May’s low at 124.61.
- In the meantime, the negative view is expected to prevail while below the 4-month resistance line, today at 127.92.
EUR/JPY daily chart
Today Last Price: 124.82
Today Daily change: 39 pips
Today Daily change %: 0.313%
Today Daily Open: 124.43
Previous Daily SMA20: 126.28
Previous Daily SMA50: 127.72
Previous Daily SMA100: 128.84
Previous Daily SMA200: 129.29
Previous Daily High: 124.87
Previous Daily Low: 124.12
Previous Weekly High: 127.07
Previous Weekly Low: 118.84
Previous Monthly High: 129.3
Previous Monthly Low: 125.36
Previous Daily Fibonacci 38.2%: 124.4
Previous Daily Fibonacci 61.8%: 124.58
Previous Daily Pivot Point S1: 124.07
Previous Daily Pivot Point S2: 123.72
Previous Daily Pivot Point S3: 123.32
Previous Daily Pivot Point R1: 124.83
Previous Daily Pivot Point R2: 125.23
Previous Daily Pivot Point R3: 125.58