EUR/JPY Technical Analysis: Euro bulls break above 129.00 figure ahead of the US mid-term elections
- EUR/JPY is trading in a bear trend below the 200-period simple moving average (SMA) on the 4-hour chart ahead of the US mid-term elections.
- EUR/JPY broke above the 128.00 level as it is supported by the 100 SMA suggesting further gains ahead.
- A bear breakout below 127.61 (November 1 low) would be a sign of weakness for bulls.
EUR/JPY 4-hour chart
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Resistance 1: 129.50 figure
Resistance 2: 130.22 October 22 swing high
Resistance 3: 131.00 figure
Support 1: 129.00 figure
Support 2: 127.61 November 1 low
Support 3: 126.63 October low
Support 4: 126.00 figure
Additional key levels at a glance:
EUR/JPY
Overview:
Last Price: 129.19
Daily change: 28 pips
Daily change: 0.217%
Daily Open: 128.91
Trends:
Daily SMA20: 128.95
Daily SMA50: 129.95
Daily SMA100: 129.45
Daily SMA200: 130.38
Levels:
Daily High: 129.34
Daily Low: 128.37
Weekly High: 129.34
Weekly Low: 127.24
Monthly High: 132.49
Monthly Low: 126.63
Daily Fibonacci 38.2%: 128.97
Daily Fibonacci 61.8%: 128.74
Daily Pivot Point S1: 128.4
Daily Pivot Point S2: 127.9
Daily Pivot Point S3: 127.43
Daily Pivot Point R1: 129.38
Daily Pivot Point R2: 129.85
Daily Pivot Point R3: 130.35