- EUR / JPY upside momentum stalled around 130.50.
- Immediately to the upside appears the area of 130.80.
The EUR/JPY It falls back into negative territory after closing on Tuesday completing five consecutive daily sessions with gains.
The cross encountered some selling pressure around 130.50 early in the session and triggered a corrective pullback shortly thereafter. This resistance area is supported by the proximity to the Fibonacci level at 130.29. From here, the next target should appear at the monthly highs at the 130.80 zone, coinciding with the 100-day SMA.
Above the 200-day SMA at 129.67 the outlook for the cross is expected to return to the constructive side.
EUR / JPY day chart
|Today’s Last Price||129.84|
|Today’s Daily Change||-0.43|
|Today’s Daily Change%||-0.33|
|Today’s Daily Opening||130.27|
|SMA of 20 Daily||129.64|
|SMA of 50 Daily||129.54|
|SMA of 100 Daily||130.85|
|200 SMA Daily||129.7|
|Daily Previous Maximum||130.38|
|Daily Previous Minimum||129.67|
|Weekly Preview Maximum||129.85|
|Weekly Prior Minimum||127.93|
|Monthly Previous Maximum||130.42|
|Minimum Previous Monthly||127.93|
|Daily Fibonacci 38.2%||130.11|
|Daily Fibonacci 61.8%||129.94|
|Daily Pivot Point S1||129.83|
|Daily Pivot Point S2||129.39|
|Daily Pivot Point S3||129.12|
|Daily Pivot Point R1||130.55|
|Daily Pivot Point R2||130.82|
|Daily Pivot Point R3||131.26|