EUR/JPY Price Analysis: A drop to the 200-day SMA is not ruled out


  • EUR/JPY remains within a consolidative range below the 123.00 mark.
  • The resumption of the selling bias could see the 200-day SMA retested.

EUR/JPY still navigates within a side-lined mood in the sub-123.00 region so far on Monday.

The recent selling pressure seems to have met decent contention in the vicinity of 122.40 on Monday, where also lies the 100-day SMA. If cleared, the critical 200-day SMA, today at 120.88, should return to the investors’ radar.

Below the 200-day SMA the outlook on the cross is expected to shift to bearish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 122.82
Today Daily Change 51
Today Daily Change % 0.02
Today daily open 122.79
 
Trends
Daily SMA20 124.71
Daily SMA50 124.78
Daily SMA100 122.45
Daily SMA200 120.91
 
Levels
Previous Daily High 123.16
Previous Daily Low 122.61
Previous Weekly High 123.94
Previous Weekly Low 122.52
Previous Monthly High 126.85
Previous Monthly Low 123.99
Daily Fibonacci 38.2% 122.82
Daily Fibonacci 61.8% 122.95
Daily Pivot Point S1 122.55
Daily Pivot Point S2 122.31
Daily Pivot Point S3 122.01
Daily Pivot Point R1 123.09
Daily Pivot Point R2 123.4
Daily Pivot Point R3 123.64

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD fuelled 0.2% by strong PMI Composite in early Asia

AUD is up on the day so far as early data gives the bulls a head start. Early Asia has been kind to Aussie bulls with the price of the currency extending its late New York gains with a robust Construction PMI report, solidly above the 50.0 expansion level, arriving at 54.2.

AUD/USD News

NZD/USD bullish bets above 0.6690 marked down by CPI miss

NZD/USD bulls have been stopped in their tracks by the miss in the CPI data. The US dollar found a lease of life on Wall Street, bulls encouraged by data. New Zealand's CPI was released in recent trade which has changed the bird's flight trajectory in early Asia.

NZD/USD News

Gold: Bears seeking a continuation below key daily support

Gold prices are back under pressure and below a critical trendline on the daily chart. The swing trading opportunities are caught up in the wash of volatility. A day trading strategy could offer an opportunity if price obeys market structure.

Gold News

2020 US Elections: The final presidential debate

The second and final presidential debate between Donald Trump and Joe Biden promises to be a political event of the first magnitude. Mr. Biden leads i

Read more

WTI bulls keep the fuell buring into Wall Street close

West Texas Intermediate crude oil is higher on the day, although has run into resistance and started to consolidate.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures