EUR/JPY Technical Analysis: Further rangebound seen near term
- The cross is extending the down move following Friday’s bearish ‘outside day’, although it is so far underpinned by the 4-month support line, today at 127.52.
- Further downside should initially test November’s low at 127.50 ahead of October’s low at 126.62.
- On the way up, recent tops beyond 129.00 the figure offer immediate resistance, coincident with the base of the daily cloud.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 128.51
Today Daily change: -44 pips
Today Daily change %: -0.341%
Today Daily Open: 128.95
Trends:
Previous Daily SMA20: 128.79
Previous Daily SMA50: 129.4
Previous Daily SMA100: 129.37
Previous Daily SMA200: 129.83
Levels:
Previous Daily High: 129.3
Previous Daily Low: 128.54
Previous Weekly High: 129.33
Previous Weekly Low: 127.92
Previous Monthly High: 130.16
Previous Monthly Low: 127.5
Previous Daily Fibonacci 38.2%: 128.83
Previous Daily Fibonacci 61.8%: 129.01
Previous Daily Pivot Point S1: 128.56
Previous Daily Pivot Point S2: 128.17
Previous Daily Pivot Point S3: 127.8
Previous Daily Pivot Point R1: 129.32
Previous Daily Pivot Point R2: 129.69
Previous Daily Pivot Point R3: 130.07