EUR/JPY Price Analysis: A move to the 200-day SMA is shaping up


  • EUR/JPY extends the bearish note and breaches the 123.00 mark.
  • Interim support aligns at the 100-day SMA at 122.10.

EUR/JPY remains under heavy downside pressure at the beginning of the week and slips back below the 123.00 mark for the first time since mid-July.

The bearish impulse remains well in place and forced the cross to break below the key support region around 122.90. The leg lower now faces a minor support at the 100-day SMA at 122.10 ahead of the critical 200-day SMA, today at 120.85.

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 122.67
Today Daily Change 136
Today Daily Change % -0.93
Today daily open 123.82
 
Trends
Daily SMA20 125.35
Daily SMA50 124.69
Daily SMA100 122.07
Daily SMA200 120.88
 
Levels
Previous Daily High 124.31
Previous Daily Low 123.44
Previous Weekly High 125.9
Previous Weekly Low 123.32
Previous Monthly High 126.85
Previous Monthly Low 123.99
Daily Fibonacci 38.2% 123.77
Daily Fibonacci 61.8% 123.98
Daily Pivot Point S1 123.4
Daily Pivot Point S2 122.98
Daily Pivot Point S3 122.52
Daily Pivot Point R1 124.27
Daily Pivot Point R2 124.73
Daily Pivot Point R3 125.15

 

 

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