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EUR/JPY Technical Analysis: Bearish view unchanged below support line near 128.00

  • EUR/JPY has once again tested and failed in the vicinity of 125.00 the figure, coincident with August 2018 low (at 124.91).
  • A surpass of this area should open the door for a test of late December peaks just above the 127.00 handle. Further consolidation, however, could prompt sellers to step in and drag the cross lower.
  • On the broader picture, the bearish outlook is expected to prevail while below the 4-month resistance line, today at 127.97.

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
    Today Last Price: 124.59
    Today Daily change: -21 pips
    Today Daily change %: -0.168%
    Today Daily Open: 124.8
Trends:
    Previous Daily SMA20: 126.09
    Previous Daily SMA50: 127.66
    Previous Daily SMA100: 128.81
    Previous Daily SMA200: 129.26
Levels:
    Previous Daily High: 125.1
    Previous Daily Low: 124.32
    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%: 124.8
    Previous Daily Fibonacci 61.8%: 124.62
    Previous Daily Pivot Point S1: 124.38
    Previous Daily Pivot Point S2: 123.96
    Previous Daily Pivot Point S3: 123.6
    Previous Daily Pivot Point R1: 125.16
    Previous Daily Pivot Point R2: 125.52
    Previous Daily Pivot Point R3: 125.94

 

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