13 Mar 2019
EUR/JPY Technical Analysis: Recovery faltered ahead of the 126.00 area
- The upside in the cross appears to have met a strong hurdle in the boundaries of the 126.00 mark, where emerges the 10-day SMA.
- A break above this level should give extra legs to the ongoing recovery, initially targeting the 100-day SMA at 126.58 ahead of the 200-week SMA, today at 127.16.
- Looking at the broader picture, the upside in the cross appears propped up by the short-term support line at 124.35.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 125.61
Today Daily change: 28 pips
Today Daily change %: -0.04%
Today Daily Open: 125.66
Trends:
Daily SMA20: 125.71
Daily SMA50: 125.03
Daily SMA100: 126.58
Daily SMA200: 128.06
Levels:
Previous Daily High: 125.84
Previous Daily Low: 125.02
Previous Weekly High: 127.4
Previous Weekly Low: 124.26
Previous Monthly High: 126.92
Previous Monthly Low: 124.16
Daily Fibonacci 38.2%: 125.52
Daily Fibonacci 61.8%: 125.33
Daily Pivot Point S1: 125.17
Daily Pivot Point S2: 124.68
Daily Pivot Point S3: 124.34
Daily Pivot Point R1: 125.99
Daily Pivot Point R2: 126.33
Daily Pivot Point R3: 126.82