EUR/JPY Technical Analysis: Bullish attempts remain capped by 125.00. Extra consolidation likely near term
- EUR/JPY tested and failed once again to retake the 125.00 handle and above earlier today, leaving the neutral stance unchanged in the short-term horizon.
- This significant area of resistance is reinforced by May/August 2018 lows in the 124.60/90 band.
- A breakout above the 125.00 area is needed to allow for extra gains, which should face interim resistance at 125.60, where emerges the 21-day SMA.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 124.05
Today Daily change: -5.0 pips
Today Daily change %: -0.0403%
Today Daily Open: 124.1
Trends:
Previous Daily SMA20: 125.49
Previous Daily SMA50: 127.39
Previous Daily SMA100: 128.67
Previous Daily SMA200: 129.16
Levels:
Previous Daily High: 124.53
Previous Daily Low: 123.76
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%: 124.06
Previous Daily Fibonacci 61.8%: 124.24
Previous Daily Pivot Point S1: 123.73
Previous Daily Pivot Point S2: 123.37
Previous Daily Pivot Point S3: 122.97
Previous Daily Pivot Point R1: 124.5
Previous Daily Pivot Point R2: 124.9
Previous Daily Pivot Point R3: 125.26