18 Oct 2018
EUR/JPY Technical Analysis: Weakness could extend to 127.86
- EUR/JPY has resumed the downside today along with the continuation of the selling mood around the European currency.
- The cross met resistance at the 10-day SMA in the 129.80 region today, prompting the subsequent drop to the boundaries of the 129.00 neighbourhood, where it is expected to meet initial contention.
- In case the selling bias gather extra traction, the next relevant support comes at September’s low at 127.86.
- In the meantime, the bearish view should remain in place below the resistance line, today at 132.69.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 129.18
Daily change: -37 pips
Daily change: -0.286%
Daily Open: 129.55
Trends:
Daily SMA20: 131.05
Daily SMA50: 129.63
Daily SMA100: 129.5
Daily SMA200: 130.78
Levels:
Daily High: 130.18
Daily Low: 129.17
Weekly High: 131.26
Weekly Low: 129.21
Monthly High: 133.15
Monthly Low: 127.87
Daily Fibonacci 38.2%: 129.56
Daily Fibonacci 61.8%: 129.79
Daily Pivot Point S1: 129.09
Daily Pivot Point S2: 128.63
Daily Pivot Point S3: 128.09
Daily Pivot Point R1: 130.09
Daily Pivot Point R2: 130.64
Daily Pivot Point R3: 131.1