- EUR/JPY loses further ground and breaches the 142.00 level.
- The next support is seen at the key 200-day SMA near 140.80.
EUR/JPY adds to the weekly leg lower and breaks below the key support at 142.00, or 2-day lows, on Wednesday.
In case the downside accelerates, the next support of note emerges at the 200-day SMA, today at 140.79. A sustainable drop below the latter exposes extra weakness to, initially, the 138.00 neighbourhood.
The constructive outlook for EUR/JPY is seen unchanged above the 200-day SMA for the time being.
EUR/JPY daily chart
|Today last price||141.36|
|Today Daily Change||111|
|Today Daily Change %||-0.19|
|Today daily open||141.63|
|Previous Daily High||142.21|
|Previous Daily Low||141.26|
|Previous Weekly High||141.69|
|Previous Weekly Low||137.92|
|Previous Monthly High||146.73|
|Previous Monthly Low||138.8|
|Daily Fibonacci 38.2%||141.62|
|Daily Fibonacci 61.8%||141.84|
|Daily Pivot Point S1||141.19|
|Daily Pivot Point S2||140.75|
|Daily Pivot Point S3||140.24|
|Daily Pivot Point R1||142.14|
|Daily Pivot Point R2||142.65|
|Daily Pivot Point R3||143.09|
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