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11 Mar 2019
EUR/JPY Technical Analysis: The cross met support in the 124.30 region
- EUR/JPY met some decent support in the 124.30 region on Friday, managing to rebound and regain the 125.00 handle for the time being.
- Following the recent leg lower, the cross broke below the key short-term support line, today at 124.72.
- Below this area, the cross is expected to accelerate losses to sub-124.00 levels ahead of mid-January lows in the 123.40 zone.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 125.1
Today Daily change: 72 pips
Today Daily change %: 0.22%
Today Daily Open: 124.82
Trends:
Daily SMA20: 125.65
Daily SMA50: 125.04
Daily SMA100: 126.65
Daily SMA200: 128.09
Levels:
Previous Daily High: 125.05
Previous Daily Low: 124.26
Previous Weekly High: 127.4
Previous Weekly Low: 124.26
Previous Monthly High: 126.92
Previous Monthly Low: 124.16
Daily Fibonacci 38.2%: 124.75
Daily Fibonacci 61.8%: 124.56
Daily Pivot Point S1: 124.37
Daily Pivot Point S2: 123.93
Daily Pivot Point S3: 123.59
Daily Pivot Point R1: 125.16
Daily Pivot Point R2: 125.5
Daily Pivot Point R3: 125.94