EUR/JPY Price Analysis: Decent support emerged around 131.00/130.80


  • EUR/JPY manages to bounce off the 130.80 region on Friday.
  • The 100-day SMA awaits around the 130.40 zone.

EUR/JPY so far manages to regain some composure and rebounds from earlier multi-week lows in the 130.80 region.

The continuation of the downside is seen re-visiting the minor support at the 100-day SMA around 130.40 ahead of the psychological barrier at 130.00. Further south, albeit not favoured for the time being, comes in the April lows in the 129.60 zone.

In the broader picture, while above the 200-day SMA at 127.58 the broader outlook for the cross should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 131.26
Today Daily Change 63
Today Daily Change % 0.02
Today daily open 131.23
 
Trends
Daily SMA20 133.25
Daily SMA50 132.12
Daily SMA100 130.39
Daily SMA200 127.61
 
Levels
Previous Daily High 132.88
Previous Daily Low 131.02
Previous Weekly High 133.76
Previous Weekly Low 132.66
Previous Monthly High 134.06
Previous Monthly Low 130.98
Daily Fibonacci 38.2% 131.73
Daily Fibonacci 61.8% 132.17
Daily Pivot Point S1 130.54
Daily Pivot Point S2 129.86
Daily Pivot Point S3 128.69
Daily Pivot Point R1 132.4
Daily Pivot Point R2 133.56
Daily Pivot Point R3 134.25

 

 

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