EUR/JPY Price Analysis: Change of direction could retest 142.50

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

Pablo Piovano FXStreet

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

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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