Back
24 Oct 2018
EUR/JPY Technical Analysis: The cross remains vulnerable to further pullbacks
- EUR/JPY is prolonging the weak note following the broad-based sell off in the European currency and in the risk-associated space in general.
- The cross is now facing increasing likeliness of another visit of September’s low at 127.86 ahead of June’s low at 126.64, particularly on the breach of the base of the daily cloud.
- Broadly speaking, the bearish outlook in the cross is expected to remain intact while below the resistance line off 2018 tops, today at 132.60.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 128.4
Daily change: -58 pips
Daily change: -0.450%
Daily Open: 128.98
Trends:
Daily SMA20: 130.36
Daily SMA50: 129.82
Daily SMA100: 129.54
Daily SMA200: 130.68
Levels:
Daily High: 129.4
Daily Low: 128.21
Weekly High: 130.32
Weekly Low: 128.32
Monthly High: 133.15
Monthly Low: 127.87
Daily Fibonacci 38.2%: 128.67
Daily Fibonacci 61.8%: 128.95
Daily Pivot Point S1: 128.33
Daily Pivot Point S2: 127.67
Daily Pivot Point S3: 127.13
Daily Pivot Point R1: 129.52
Daily Pivot Point R2: 130.06
Daily Pivot Point R3: 130.71