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13 Feb 2019
EUR/JPY Technical Analysis: Recovery now targets 126.00 and above
- EUR/JPY is extending the rebound beyond the critical 125.00 the figure after bottoming out in the low-124.00s earlier in the week.
- However, the bearish view on the cross is expected to remain in place as long as the short-term resistance line caps at 126.24.
- Furthermore, a breakout of recent peaks around the 126.00 handle should mitigate the downside pressure.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 125.36
Today Daily change: 45 pips
Today Daily change %: 0.14%
Today Daily Open: 125.19
Trends:
Daily SMA20: 124.8
Daily SMA50: 125.72
Daily SMA100: 127.51
Daily SMA200: 128.4
Levels:
Previous Daily High: 125.3
Previous Daily Low: 124.42
Previous Weekly High: 125.96
Previous Weekly Low: 124.16
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 124.96
Daily Fibonacci 61.8%: 124.75
Daily Pivot Point S1: 124.64
Daily Pivot Point S2: 124.09
Daily Pivot Point S3: 123.77
Daily Pivot Point R1: 125.52
Daily Pivot Point R2: 125.84
Daily Pivot Point R3: 126.39