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

    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

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