12 Nov 2018
EUR/JPY Technical Analysis: The cross dropped to multi-day lows. Targets the 126.65/60 band
- The sell off in the European currency is sponsoring today’s drop in the cross to fresh multi-day lows in the mid-128.00s.
- Further downside pressure should put October’s low in the 126.60 area back in the radar ahead of YTD lows in the 124.90 zone (August/May lows).
- Furthermore, the bearish prospect should prevail while below the resistance line off 2018 peaks, today at 132.21.
EUR/JPY daily chart
EUR/JPY
Overview:
Last Price: 128.33
Daily change: -69 pips
Daily change: -0.535%
Daily Open: 129.02
Trends:
Daily SMA20: 128.85
Daily SMA50: 129.91
Daily SMA100: 129.52
Daily SMA200: 130.24
Levels:
Daily High: 129.68
Daily Low: 128.74
Weekly High: 130.16
Weekly Low: 128.6
Monthly High: 132.49
Monthly Low: 126.63
Daily Fibonacci 38.2%: 129.1
Daily Fibonacci 61.8%: 129.32
Daily Pivot Point S1: 128.61
Daily Pivot Point S2: 128.21
Daily Pivot Point S3: 127.67
Daily Pivot Point R1: 129.55
Daily Pivot Point R2: 130.08
Daily Pivot Point R3: 130.49