- The generalized offered bias around the European currency plus the increasing demand for the safe haven Japanese Yen have dragged the cross to fresh lows in the mid-128.00s today.
- The continuation of the down trend carries the potential to visit September’s low at 127.86 ahead of June’s low in the 126.65/60 band.
- The downside pressure could accelerate on a break of the 128.30 area, where converge recent lows and the base of the daily cloud.
- Looking at the broader picture, the stance in EUR/JPY should remain offered as long as the resistance line off 2018 tops, today at 132.62, caps.
EUR/JPY daily chart
Â
Â
Â
Â
Â
Â
Â
Â
Â
Â
Â
EUR/JPY
Overview:
    Last Price: 128.35
    Daily change: -1.0e+2 pips
    Daily change: -0.773%
    Daily Open: 129.35
Trends:
    Daily SMA20: 130.56
    Daily SMA50: 129.76
    Daily SMA100: 129.54
    Daily SMA200: 130.71
Levels:
    Daily High: 130.22
    Daily Low: 129.2
    Weekly High: 130.32
    Weekly Low: 128.32
    Monthly High: 133.15
    Monthly Low: 127.87
    Daily Fibonacci 38.2%: 129.59
    Daily Fibonacci 61.8%: 129.83
    Daily Pivot Point S1: 128.96
    Daily Pivot Point S2: 128.57
    Daily Pivot Point S3: 127.93
    Daily Pivot Point R1: 129.98
    Daily Pivot Point R2: 130.61
    Daily Pivot Point R3: 131
Â
