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18 Jan 2019
EUR/JPY Technical Analysis: Recovery could test important resistance in the 125.00 region
- EUR/JPY is extending the recovery for yet another session and is now approaching the critical resistance area around 125.00 the figure.
- This hurdle is reinforced by August 2018 lows near 124.90 and the 21-day SMA, today at 125.11.
- A break above this relevant zone is needed to allow extra gains, which should face the next key area 127.00, late December 2018 peaks.
EUR/JPY daily chart
EUR/JPY
Overview:
Today Last Price: 124.82
Today Daily change: 37 pips
Today Daily change %: 0.305%
Today Daily Open: 124.44
Trends:
Daily SMA20: 124.95
Daily SMA50: 127.07
Daily SMA100: 128.49
Daily SMA200: 129.04
Levels:
Previous Daily High: 124.68
Previous Daily Low: 123.74
Previous Weekly High: 125.1
Previous Weekly Low: 123.4
Previous Monthly High: 129.3
Previous Monthly Low: 125.36
Daily Fibonacci 38.2%: 124.32
Daily Fibonacci 61.8%: 124.1
Daily Pivot Point S1: 123.89
Daily Pivot Point S2: 123.34
Daily Pivot Point S3: 122.94
Daily Pivot Point R1: 124.84
Daily Pivot Point R2: 125.24
Daily Pivot Point R3: 125.79