EUR/JPY Technical Analysis: Extra consolidation appears likely for the time being
- EUR/JPY is extending the sideline theme below the critical 125.00 handle so far today.
- This relevant resistance area is expected to cap occasional bullish attempts in the absence of stronger catalysts, opening the door for extra consolidation and a potential drop to the 123.00 neighbourhood.
- The 125.00 area is also reinforced by the proximity of the 21-day SMA at 125.23 and August 2018 lows in the 124.90 area.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 123.88
Today Daily change: -33 pips
Today Daily change %: -0.266%
Today Daily Open: 124.21
Trends:
Previous Daily SMA20: 125.1
Previous Daily SMA50: 127.17
Previous Daily SMA100: 128.54
Previous Daily SMA200: 129.08
Levels:
Previous Daily High: 124.42
Previous Daily Low: 123.52
Previous Weekly High: 125.1
Previous Weekly Low: 123.4
Previous Monthly High: 129.3
Previous Monthly Low: 125.36
Previous Daily Fibonacci 38.2%: 124.08
Previous Daily Fibonacci 61.8%: 123.87
Previous Daily Pivot Point S1: 123.68
Previous Daily Pivot Point S2: 123.15
Previous Daily Pivot Point S3: 122.78
Previous Daily Pivot Point R1: 124.59
Previous Daily Pivot Point R2: 124.96
Previous Daily Pivot Point R3: 125.49