23 Jan 2019
EUR/JPY Technical Analysis: Keeps the bearish outlook below the 125.00 region
- The cross is prolonging the rangebound trading for yet another session on Wednesday, always below the critical 125.00 neighbourhood.
- EUR/JPY still faces a tough resistance in the 125.00 region, which is also supported by 124.91 (August 2018 low) and 124.71 (21-day SMA).
- As long as this area caps the upside, the possibility of extra declines in the cross remains well on the cards.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 124.49
Today Daily change: 0.28 pips
Today Daily change %: 0.23%
Today Daily Open: 124.21
Trends:
Daily SMA20: 124.73
Daily SMA50: 126.84
Daily SMA100: 128.36
Daily SMA200: 128.92
Levels:
Previous Daily High: 124.74
Previous Daily Low: 124.04
Previous Weekly High: 124.98
Previous Weekly Low: 123.39
Previous Monthly High: 129.3
Previous Monthly Low: 125.36
Daily Fibonacci 38.2%: 124.31
Daily Fibonacci 61.8%: 124.47
Daily Pivot Point S1: 123.92
Daily Pivot Point S2: 123.62
Daily Pivot Point S3: 123.21
Daily Pivot Point R1: 124.63
Daily Pivot Point R2: 125.04
Daily Pivot Point R3: 125.34