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.

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