- 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
|Today last price||144.16|
|Today Daily Change||156|
|Today Daily Change %||-0.65|
|Today daily open||145.1|
|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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