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EUR/JPY Technical Analysis: Recovery could test important resistance in the 125.00 region

  • EUR/JPY is extending the recovery for yet another session and is now approaching the critical resistance area around 125.00 the figure.
  • This hurdle is reinforced by August 2018 lows near 124.90 and the 21-day SMA, today at 125.11.
  • A break above this relevant zone is needed to allow extra gains, which should face the next key area 127.00, late December 2018 peaks.

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 124.82
    Today Daily change: 37 pips
    Today Daily change %: 0.305%
    Today Daily Open: 124.44
Trends:
    Daily SMA20: 124.95
    Daily SMA50: 127.07
    Daily SMA100: 128.49
    Daily SMA200: 129.04
Levels:
    Previous Daily High: 124.68
    Previous Daily Low: 123.74
    Previous Weekly High: 125.1
    Previous Weekly Low: 123.4
    Previous Monthly High: 129.3
    Previous Monthly Low: 125.36
    Daily Fibonacci 38.2%: 124.32
    Daily Fibonacci 61.8%: 124.1
    Daily Pivot Point S1: 123.89
    Daily Pivot Point S2: 123.34
    Daily Pivot Point S3: 122.94
    Daily Pivot Point R1: 124.84
    Daily Pivot Point R2: 125.24
    Daily Pivot Point R3: 125.79

 

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