EUR/JPY Price Analysis: A gravestone doji could exacerbate a move towards 131.00

The common currency has gained 0.30% in the week, vs. the Japanese yen.
Raising geopolitical tensions could exacerbate a downward move, despite the neutral-upward bias, on the safe-haven status of the JPY.
EUR/JPY Technical Outlook: Downward bias, confirmed by a “gravestone doji” on the daily chart.

Christian Borjon Valencia FXStreet

The EUR/JPY advances for the second consecutive day in the week amid a mixed market mood as Russia/Ukraine conflict tension increases. At the time of writing, the EUR/JPY is trading at 131.30

On Wednesday, during the overnight session, the EUR/JPY cross-currency pair rallied towards Pitchfork’s 25% parallel line around the 131.50-60 range, reaching a daily high at 131.89, retreating below the former, end even pushing below the February 15 daily high at 131.58. Therefore, it printed a “gravestone doji,” a candlestick meaning that a EUR/JPY reversal may be on the cards.

EUR/JPY Price Forecast: Technical outlook

Therefore, the EUR/JPY first support level would be the February 16 daily low at 131.10. Breach of the latter will expose a previously broken four-month-old downslope trendline around 130.50-60, followed by the confluence of Pitchfork’s bottom trendline and the 200-day moving average (DMA) at 130.44.

Trend: Downward biased unless the 132.00 level is reclaimed.

EUR/JPY

Overview
Today last price	131.36
Today Daily Change	0.02
Today Daily Change %	0.02
Today daily open	131.34

Trends
Daily SMA20	130.17
Daily SMA50	129.93
Daily SMA100	130.13
Daily SMA200	130.49

Levels
Previous Daily High	131.54
Previous Daily Low	130.44
Previous Weekly High	133.15
Previous Weekly Low	130.38
Previous Monthly High	131.6
Previous Monthly Low	128.25
Daily Fibonacci 38.2%	131.12
Daily Fibonacci 61.8%	130.86
Daily Pivot Point S1	130.67
Daily Pivot Point S2	130
Daily Pivot Point S3	129.57
Daily Pivot Point R1	131.77
Daily Pivot Point R2	132.2
Daily Pivot Point R3	132.87

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

AUD/USD stays weak above 0.6900 after China’s trade data

AUD/USD struggles to capitalize on the previous day’s recovery and stays defensive on the 0.6900 level following the narrowing of trade surplus in China. Increased December Fed rate hike bets allows the US Dollar to pause its decline and weigh on the pair. US CPI data is next of note for the major.

USD/JPY retakes 158.00 on weak Japanese data; focus shifts to US CPI

USD/JPY attracts some dip-buyers and retakes 158.00 in the Asian session on Tuesday as a fall in Japan’s Household Spending offsets hawkish BoJ Summary of Opinions, undermining the Japanese Yen. Moreover, Fed hike bets support the safe-haven US Dollar and the currency pair. The market focus now shifts to the release of the crucial US CPI report.

Gold comes under pressure; breaks below $4,100

Gold surrenders a big chunk of Monday’s advance and breaches below the key $4,100 mark per troy ounce on Tuesday. The precious metal’s decline follows the tepid bounce in the US Dollar and rising US Treasury yields prior to US inflation figures.

Pi Network rebounds from record lows, exits oversold territory as momentum improves

Pi Network (PI) shows a strong recovery on Tuesday, up over 7% after recording its all-time low of $0.0624 the previous day. PI token’s appeal in the derivatives market shows minor improvement, with Open Interest rising to $6.21 million.

US CPI data set to ease in October as markets reassess Fed rate hike expectations

The US Bureau of Labor Statistics will publish the October Consumer Price Index data on Tuesday, a release that could influence the US Dollar valuation as investors reassess the Federal Reserve’s interest-rate outlook. The report won’t include 12-month percentage changes for most CPI series in this release, due to missing October 2025 monthly data because of the lack of collection during the government shutdown from October 1, 2025, to November 12, 2025.

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.