6 Mar 2019
EUR/JPY Technical Analysis: The constructive bias remains above 124.71, short-term support line
- The continuation of the downside pressure in the single currency is forcing EUR/JPY to recede for another session and test the proximity of the 126.00 handle.
- As long as the short-term resistance line holds the downside, today at 124.71, the outlook on the cross should remain constructive.
- Immediate target on the upside remains recent tops in the mid-127.00s ahead of the critical 200-day SMA at 128.10.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 126.4
Today Daily change: 33 pips
Today Daily change %: -0.07%
Today Daily Open: 126.49
Trends:
Daily SMA20: 125.55
Daily SMA50: 125.11
Daily SMA100: 126.77
Daily SMA200: 128.12
Levels:
Previous Daily High: 126.96
Previous Daily Low: 126.36
Previous Weekly High: 127.52
Previous Weekly Low: 125.38
Previous Monthly High: 126.92
Previous Monthly Low: 124.16
Daily Fibonacci 38.2%: 126.59
Daily Fibonacci 61.8%: 126.73
Daily Pivot Point S1: 126.24
Daily Pivot Point S2: 126
Daily Pivot Point S3: 125.64
Daily Pivot Point R1: 126.85
Daily Pivot Point R2: 127.21
Daily Pivot Point R3: 127.45