25 Oct 2018
EUR/JPY Technical Analysis: Further retracement still on the cards
- EUR/JPY dropped and tested fresh 2—month lows in the mid-127.00s, where it appears to have found some initial contention.
- While the bearish note remains well and sound, the cross is now targeting June’s low in the 126.60 area ahead of August’s low around 124.80.
- As long as the resistance line at 132.58 caps, the prospects for further losses remains intact.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 127.88
Daily change: 0.0 pips
Daily change: 0.00%
Daily Open: 127.88
Trends:
Daily SMA20: 130.14
Daily SMA50: 129.87
Daily SMA100: 129.52
Daily SMA200: 130.64
Levels:
Daily High: 129.24
Daily Low: 127.77
Weekly High: 130.32
Weekly Low: 128.32
Monthly High: 133.15
Monthly Low: 127.87
Daily Fibonacci 38.2%: 128.33
Daily Fibonacci 61.8%: 128.67
Daily Pivot Point S1: 127.35
Daily Pivot Point S2: 126.83
Daily Pivot Point S3: 125.89
Daily Pivot Point R1: 128.82
Daily Pivot Point R2: 129.76
Daily Pivot Point R3: 130.28