• EUR/JPY adds to the corrective downside and breaches 144.00.
  • The continuation of the leg lower could revisit 142.50.

EUR/JPY corrects further south and briefly tests the 143.60 region on Thursday, or multi-session lows.

The cross reversed the strong rebound soon after trespassing the 146.00 mark on Wednesday and sparked quite a marked reversal. That said, further weakness could now motivate EUR/JPY to slip back to the November low at 142.54 (November 11) sooner rather than later.

In the longer run, while above the key 200-day SMA at 138.68, the positive outlook is expected to remain unchanged.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 144.16
Today Daily Change 156
Today Daily Change % -0.65
Today daily open 145.1
 
Trends
Daily SMA20 145.46
Daily SMA50 144.16
Daily SMA100 141.43
Daily SMA200 138.66
 
Levels
Previous Daily High 146.14
Previous Daily Low 144.64
Previous Weekly High 145.55
Previous Weekly Low 143.35
Previous Monthly High 148.4
Previous Monthly Low 140.9
Daily Fibonacci 38.2% 145.21
Daily Fibonacci 61.8% 145.56
Daily Pivot Point S1 144.45
Daily Pivot Point S2 143.79
Daily Pivot Point S3 142.95
Daily Pivot Point R1 145.95
Daily Pivot Point R2 146.79
Daily Pivot Point R3 147.45

 

 

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