25 Feb 2019
EUR/JPY Technical Analysis: The cross is eroding the short-term resistance line around 125.70
- EUR/JPY is extending the sideline theme below the 126.00 handle so far on Monday.
- In addition, the cross is flirting with the short-term resistance line in the 125.70 area. Extra gains are expected to follow a sustainable break of this hurdle ahead of YTD peaks in the 126.00 neighbourhood.
- Further north, a convincing breakout of the 126.00 area opens the door for a test of late December highs around 127.00 the figure.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 125.56
Today Daily change: 44 pips
Today Daily change %: 0.11%
Today Daily Open: 125.42
Trends:
Daily SMA20: 125.09
Daily SMA50: 125.19
Daily SMA100: 127
Daily SMA200: 128.18
Levels:
Previous Daily High: 125.79
Previous Daily Low: 125.38
Previous Weekly High: 125.94
Previous Weekly Low: 124.7
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 125.54
Daily Fibonacci 61.8%: 125.64
Daily Pivot Point S1: 125.27
Daily Pivot Point S2: 125.13
Daily Pivot Point S3: 124.87
Daily Pivot Point R1: 125.68
Daily Pivot Point R2: 125.94
Daily Pivot Point R3: 126.08