EUR/JPY Technical Analysis: The cross remains vulnerable and exposes a visit to 126.60
- The cross is trading well on the defensive on Thursday, eroding yesterday’s up move and opening the door for a potential re-test of November’s low in the 126.60 region.
- Further south lies August’s low near 124.90, considered the last defence of YTD lows in the 124.60 zone.
- On the upside, occasional bullish attempts should meet formidable resistance in the 129.00 neighbourhood, where converge the short-term resistance line, recent peaks and the base of the daily cloud.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 127.73
Today Daily change: -72 pips
Today Daily change %: -0.561%
Today Daily Open: 128.45
Trends:
Previous Daily SMA20: 128.64
Previous Daily SMA50: 129.22
Previous Daily SMA100: 129.31
Previous Daily SMA200: 129.8
Levels:
Previous Daily High: 128.52
Previous Daily Low: 127.78
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%: 128.24
Previous Daily Fibonacci 61.8%: 128.06
Previous Daily Pivot Point S1: 127.98
Previous Daily Pivot Point S2: 127.51
Previous Daily Pivot Point S3: 127.24
Previous Daily Pivot Point R1: 128.72
Previous Daily Pivot Point R2: 128.99
Previous Daily Pivot Point R3: 129.46