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EUR/JPY Technical Analysis: Extra consolidation below 127.00 appears likely

  • The cross remains sidelined in the upper end of the recent range, but still below the critical 127.00 the figure.
  • Further upside bias should see EUR/JPY visiting once again the area of YTD peaks at 127.50.
  • In the meantime, while above the short-term support line at 124.41, the constructive stance on the cross should remain unchanged.

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 126.26
    Today Daily change: 27 pips
    Today Daily change %: -0.06%
    Today Daily Open: 126.34
Trends:
    Daily SMA20: 125.96
    Daily SMA50: 125.23
    Daily SMA100: 126.51
    Daily SMA200: 127.99
Levels:
    Previous Daily High: 126.7
    Previous Daily Low: 126.14
    Previous Weekly High: 126.58
    Previous Weekly Low: 124.48
    Previous Monthly High: 126.92
    Previous Monthly Low: 124.16
    Daily Fibonacci 38.2%: 126.49
    Daily Fibonacci 61.8%: 126.36
    Daily Pivot Point S1: 126.09
    Daily Pivot Point S2: 125.84
    Daily Pivot Point S3: 125.53
    Daily Pivot Point R1: 126.65
    Daily Pivot Point R2: 126.96
    Daily Pivot Point R3: 127.21

 

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