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EUR/JPY Technical Analysis: The cross retreated below the short-term resistance line at 126.18

  • After hitting fresh 2019 highs beyond 126.00 the figure earlier in the week, EUR/JPY has sparked a correction lower and receded below the key short-term resistance line, today at 126.18.
  • The continuation of the selling impetus should meet initial support in the 125.18/43 band, where converges the 55-, 10- and 21-day SMAs .
  • Further south, February’s low at 124.17 should emerge as the next relevnt support.

EUR/JPY daily chart

EUR/JPY

Overview:
    Today Last Price: 125.78
    Today Daily change: 45 pips
    Today Daily change %: -0.14%
    Today Daily Open: 125.96
Trends:
    Daily SMA20: 125.2
    Daily SMA50: 125.12
    Daily SMA100: 126.92
    Daily SMA200: 128.14
Levels:
    Previous Daily High: 126.23
    Previous Daily Low: 125.72
    Previous Weekly High: 125.94
    Previous Weekly Low: 124.7
    Previous Monthly High: 127.07
    Previous Monthly Low: 118.84
    Daily Fibonacci 38.2%: 125.91
    Daily Fibonacci 61.8%: 126.03
    Daily Pivot Point S1: 125.7
    Daily Pivot Point S2: 125.45
    Daily Pivot Point S3: 125.19
    Daily Pivot Point R1: 126.22
    Daily Pivot Point R2: 126.48
    Daily Pivot Point R3: 126.73

 

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