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EUR/JPY Technical Evaluation: Stays damaging and targets weekly lows at 127.48

The cross is down for the second straight session on Thursday amidst growing promoting strain across the European forex. The continuation of the leg decrease ought to initially meet weekly lows within the mid-127.00s forward of the extra related competition space round 126.60, October’s low. Within the meantime, the up transfer stays capped by yesterday’s high within the 129.20/25 band, whereas a harder barrier lies within the 129.54/130.04 band, the place coincide the 100-, 55- and 200-day SMAs. Wanting on the broader image, the stance on EUR/JPY ought to stay damaging so long as the resistance line at 129.67 caps.

EUR/JPY each day chart



















    Final Value: 128.24
    Every day change: -27 pips
    Every day change: -Zero.210%
    Every day Open: 128.51
    Every day SMA20: 128.64
    Every day SMA50: 129.85
    Every day SMA100: 129.53
    Every day SMA200: 130.11
    Every day Excessive: 129.24
    Every day Low: 128.13
    Weekly Excessive: 130.16
    Weekly Low: 128.6
    Month-to-month Excessive: 132.49
    Month-to-month Low: 126.63
    Every day Fibonacci 38.2%: 128.82
    Every day Fibonacci 61.eight%: 128.56
    Every day Pivot Level S1: 128.01
    Every day Pivot Level S2: 127.52
    Every day Pivot Level S3: 126.9
    Every day Pivot Level R1: 129.13
    Every day Pivot Level R2: 129.74
    Every day Pivot Level R3: 130.24


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