EUR/JPY Price Analysis: Extra losses expected on a breach of the 200-day SMA

  • The leg lower in EUR/JPY has intensified to the 120.80 region.
  • Below this area the cross faces extra downside.

The downside in EUR/JPY has picked up extra pace on Friday and is now flirting with the key 200-day SMA in the 120.80 zone.

If the selling impetus gathers extra traction, then then 100-day SMA, today at 120.26 should return to the radar ahead of 2020 lows in the 120.20/15 band.

Below the 200-day SMA the negative outlook should be reinstated in the cross.

EUR/JPY daily chart


Today last price 120.93
Today Daily Change 43
Today Daily Change % -0.10
Today daily open 121.05
Daily SMA20 121.81
Daily SMA50 121.22
Daily SMA100 120.32
Daily SMA200 120.81
Previous Daily High 121.9
Previous Daily Low 120.64
Previous Weekly High 122.88
Previous Weekly Low 121.76
Previous Monthly High 124.2
Previous Monthly Low 119.98
Daily Fibonacci 38.2% 121.12
Daily Fibonacci 61.8% 121.41
Daily Pivot Point S1 120.49
Daily Pivot Point S2 119.93
Daily Pivot Point S3 119.23
Daily Pivot Point R1 121.75
Daily Pivot Point R2 122.45
Daily Pivot Point R3 123.01



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