EUR/JPY Price Analysis: Decline is challenging the 200-day SMA

EUR/JPY eroded past gains and is now flirting with the 200-day SMA.
Interim support emerges at the 21-day SMA just above 120.00.

Pablo Piovano FXStreet

Following three consecutive sessions with gains, EUR/JPY has now come under selling pressure and is testing the 120.40 region, where sits the critical 200-day SMA.

If sellers intensify their will, then the 21-day SMA in the 120.00 neighbourhood should come into focus.

Further south, there are no relevant contention until yearly lows in the 118.50 zone.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	121.08
Today Daily Change	77
Today Daily Change %	0.00
Today daily open	121.08

Trends
Daily SMA20	120.04
Daily SMA50	121.04
Daily SMA100	120.67
Daily SMA200	120.39

Levels
Previous Daily High	121.35
Previous Daily Low	120.36
Previous Weekly High	121.4
Previous Weekly Low	118.46
Previous Monthly High	122.88
Previous Monthly Low	119.78
Daily Fibonacci 38.2%	120.97
Daily Fibonacci 61.8%	120.74
Daily Pivot Point S1	120.51
Daily Pivot Point S2	119.94
Daily Pivot Point S3	119.52
Daily Pivot Point R1	121.5
Daily Pivot Point R2	121.92
Daily Pivot Point R3	122.5

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.

EUR/USD struggles to build on recent rebound, holds above 1.1550

EUR/USD trades marginally lower on the day but holds above 1.1550 in the American session, following Thursday's rebound. The pair holds near its intraday high as the US Dollar remains pressured by hopes the Middle East conflict will soon come to an end.

GBP/USD hovers around 1.3400 as investors await war clarity

GBP/USD remains near its daily open, not far from 1.3400, in the second half of Friday's session. The US Dollar lost its previous intraday strength and weakens as investors await clarity on the US-Iran war.

Gold stabilizes above $4,200 as wait-and-see continues

After rising more than 3% on Thursday, Gold (XAU/USD) stabilized around the $4,200 mark in the American session on Friday. The US dollar seesaws between gains and losses, but remains within familiar levels as investors remain skeptical yet hopeful about a resolution to the Middle East conflict.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

SpaceX launches 24% higher at Friday debut

Space Exploration Technologies (SPCX), aka SpaceX, zoomed 24% higher soon after the start of its first IPO trading day on Friday. Shares of the rocket and artificial intelligence (AI) company founded by Elon Musk began trading at about 11:46 am EST and quickly gained speed.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.