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NEWS : EUR/JPY Technical Analysis: Occasional drops expected to face support near 121.00

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EUR/JPY Technical Analysis: Occasional drops expected to face support near 121.00

  • EUR/JPY is recovering some ground lost after bottoming out in the vicinity of 121.00 the figure earlier in the week.
  • The resumption of the selling impetus could expose a visit to recent lows in the 120.80/75 band ahead of 2019 lows in sub-119.00 levels (‘flash crash’ in early January).
  • In the meantime, the cross needs to surpass the immediate resistance line at 122.55 in order to mitigate downside pressure and allow for a test of monthly peaks above the 123.00 handle.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 121.56
Today Daily Change 51
Today Daily Change % 0.16
Today daily open 121.36
Trends
Daily SMA20 122.03
Daily SMA50 123.47
Daily SMA100 124.44
Daily SMA200 126.27
Levels
Previous Daily High 121.66
Previous Daily Low 121.16
Previous Weekly High 123.18
Previous Weekly Low 121.58
Previous Monthly High 125.24
Previous Monthly Low 120.92
Daily Fibonacci 38.2% 121.35
Daily Fibonacci 61.8% 121.47
Daily Pivot Point S1 121.13
Daily Pivot Point S2 120.9
Daily Pivot Point S3 120.64
Daily Pivot Point R1 121.62
Daily Pivot Point R2 121.89
Daily Pivot Point R3 122.12
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