Initial resistance appeared near 130.50

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  • 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

EUR/JPY

Panorama
Today’s Last Price 129.84
Today’s Daily Change -0.43
Today’s Daily Change% -0.33
Today’s Daily Opening 130.27
Trends
SMA of 20 Daily 129.64
SMA of 50 Daily 129.54
SMA of 100 Daily 130.85
200 SMA Daily 129.7
Levels
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

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