EUR/JPY Technical Analysis: Breakout of the 129.00 handle was short-lived. The cross flirts with support line near 128.70
- After briefly testing the area above the critical 129.00 handle, the cross came under some selling pressure today and is now eroding the (now support) line at 128.67.
- EUR/JPY now needs to surpass recent tops around 129.30 to allow for extra gains to the 200-day SMA at 129.85, considered the last defence of November’s high in the 130.20 zone.
- On the downside, initial contention should emerge in the mid-127.00s, or November’s low.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 128.81
Today Daily change: -38 pips
Today Daily change %: -0.294%
Today Daily Open: 129.19
Trends:
Previous Daily SMA20: 128.79
Previous Daily SMA50: 129.61
Previous Daily SMA100: 129.45
Previous Daily SMA200: 129.88
Levels:
Previous Daily High: 129.28
Previous Daily Low: 128.24
Previous Weekly High: 129.12
Previous Weekly Low: 127.82
Previous Monthly High: 132.49
Previous Monthly Low: 126.63
Previous Daily Fibonacci 38.2%: 128.88
Previous Daily Fibonacci 61.8%: 128.64
Previous Daily Pivot Point S1: 128.53
Previous Daily Pivot Point S2: 127.87
Previous Daily Pivot Point S3: 127.5
Previous Daily Pivot Point R1: 129.56
Previous Daily Pivot Point R2: 129.93
Previous Daily Pivot Point R3: 130.59