- EUR/JPY adds to Thursday’s strong pullback and tests 157.30.
- Immediately to the downside comes the weekly low near 156.80.
Further selling pressure forces EUR/JPY to add to Thursday’s losses and print multi-day lows near 157.30 on Friday.
In case the downward bias picks up extra pace, the cross risks an initial drop to the minor support at the weekly low of 156.86 (August 23), which appears so far propped up by the provisional 55-day SMA (156.90).
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 147.98
EUR/JPY daily chart
|Today last price||157.48|
|Today Daily Change||64|
|Today Daily Change %||-0.21|
|Today daily open||157.81|
|Previous Daily High||159.75|
|Previous Daily Low||157.62|
|Previous Weekly High||159.49|
|Previous Weekly Low||156.87|
|Previous Monthly High||159.76|
|Previous Monthly Low||155.53|
|Daily Fibonacci 38.2%||158.43|
|Daily Fibonacci 61.8%||158.93|
|Daily Pivot Point S1||157.03|
|Daily Pivot Point S2||156.26|
|Daily Pivot Point S3||154.9|
|Daily Pivot Point R1||159.16|
|Daily Pivot Point R2||160.52|
|Daily Pivot Point R3||161.3|
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