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18 Feb 2019
EUR/JPY Technical Analysis: The cross met support near the 124.00 handle
- EUR/JPY is up for the first time after three consecutive daily pullbacks, managing to retake the 125.00 handle following recent lows near 124.20.
- The cross needs to re-test/surpass the critical 126.00 neighbourhood, where emerges recent peaks and the short-term resistance line, in order to alleviate downside pressure.
- The resumption of the selling bias should see the area of monthly lows around 124.20 revisited.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 125.05
Today Daily change: 47 pips
Today Daily change %: 0.24%
Today Daily Open: 124.75
Trends:
Daily SMA20: 124.86
Daily SMA50: 125.51
Daily SMA100: 127.29
Daily SMA200: 128.31
Levels:
Previous Daily High: 124.88
Previous Daily Low: 124.22
Previous Weekly High: 125.54
Previous Weekly Low: 124.19
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 124.47
Daily Fibonacci 61.8%: 124.63
Daily Pivot Point S1: 124.36
Daily Pivot Point S2: 123.97
Daily Pivot Point S3: 123.71
Daily Pivot Point R1: 125.01
Daily Pivot Point R2: 125.27
Daily Pivot Point R3: 125.66