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1 Feb 2019
EUR/JPY Technical Analysis: Rejection from 125.00 and above prompts potential pullbacks
- EUR/JPY managed to test levels above the critical barrier at 125.00 the figure, although the bull run lacked of follow through.
- Another rejection from this key resistance area now opens the door a probable correction lower to, initially, last week’s lows in the 123.80 region.
- A deeper pullback should see mid-January lows in the 123.40 region re-tested.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 124.76
Today Daily change: 0.10 pips
Today Daily change %: 0.08%
Today Daily Open: 124.66
Trends:
Daily SMA20: 124.53
Daily SMA50: 126.29
Daily SMA100: 128.04
Daily SMA200: 128.65
Levels:
Previous Daily High: 125.3
Previous Daily Low: 124.48
Previous Weekly High: 125.32
Previous Weekly Low: 123.78
Previous Monthly High: 127.07
Previous Monthly Low: 118.84
Daily Fibonacci 38.2%: 124.8
Daily Fibonacci 61.8%: 124.99
Daily Pivot Point S1: 124.33
Daily Pivot Point S2: 124
Daily Pivot Point S3: 123.51
Daily Pivot Point R1: 125.14
Daily Pivot Point R2: 125.63
Daily Pivot Point R3: 125.96