EUR/JPY Technical Analysis: Mildly bid, but range breakdown likely


EUR/JPY is currently trading at 126.28, representing marginal gains on the day, having created a doji candle on Friday, signaling indecision in the market place.  Notably, doji has appeared after a four-day winning streak. So, that candle largely represents bullish indecision. The cross, therefore, could see a downside break of the sideways channel established on the hourly chart in the second half of the last week.  A range breakdown, if confirmed, would allow a drop to 125.73 (200-hour moving average).  Hourly chart Trend: Bearish


    Today Last Price: 126.28
    Today Daily change: 4 pips
    Today Daily change %: 0.03
    Today Daily Open: 126.25
    Daily SMA20: 125.9
    Daily SMA50: 125.2
    Daily SMA100: 126.53
    Daily SMA200: 128.01
    Previous Daily High: 126.58
    Previous Daily Low: 126.12
    Previous Weekly High: 126.58
    Previous Weekly Low: 124.48
    Previous Monthly High: 126.92
    Previous Monthly Low: 124.16
    Daily Fibonacci 38.2%: 126.29
    Daily Fibonacci 61.8%: 126.4
    Daily Pivot Point S1: 126.05
    Daily Pivot Point S2: 125.85
    Daily Pivot Point S3: 125.58
    Daily Pivot Point R1: 126.52
    Daily Pivot Point R2: 126.78
    Daily Pivot Point R3: 126.98


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