EUR/JPY Technical Analysis: Euro retraces to 129.00 level and ready for more losses
- EUR/JPY is trading in a bear trend below the 200-period simple moving average.
- EUR/JPY is currently finding some support near the 129.00 figure and the 100-period simple moving average. Technical indicators are bearishly configured suggesting losses in the sessions ahead.
- Support can be seen near 128.32 (October 18 low) and 127.61 (November 1 low).
EUR/JPY 4-hour chart
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Resistance 1: 129.50 figure
Resistance 2: 130.00 figure
Resistance 3: 131.00 figure
Resistance 4: 131.90 September 24 low
Support 1: 129.00 figure
Support 2: 128.32 October 18 low
Support 3: 127.61 November 1 low
Support 4: 126.63 October low
Support 5: 126.00 figure
Additional key levels at a glance:
EUR/JPY
Overview:
Last Price: 129.02
Daily change: -48 pips
Daily change: -0.371%
Daily Open: 129.5
Trends:
Daily SMA20: 128.89
Daily SMA50: 129.91
Daily SMA100: 129.51
Daily SMA200: 130.27
Levels:
Daily High: 130.15
Daily Low: 129.39
Weekly High: 129.34
Weekly Low: 127.24
Monthly High: 132.49
Monthly Low: 126.63
Daily Fibonacci 38.2%: 129.68
Daily Fibonacci 61.8%: 129.86
Daily Pivot Point S1: 129.21
Daily Pivot Point S2: 128.92
Daily Pivot Point S3: 128.46
Daily Pivot Point R1: 129.97
Daily Pivot Point R2: 130.43
Daily Pivot Point R3: 130.72