EUR/JPY Price Analysis: Extra losses likely below 136.85

EUR/JPY accelerates the decline below 138.00 on Thursday.
Immediately to the downside now emerges the July low at 136.85.

Pablo Piovano FXStreet

EUR/JPY rapidly retreats to 2-week lows south of the 138.00 yardstick on Thursday.

The cross remains under pressure and is vulnerable to further decline while below the weekly high at 142.32 (July 21). Against that, the next support of note aligns at the July low at 136.85 (July 8). If breach on a sustainable fashion, then the cross could attempt a move to the critical 200-day SMA, today at 133.65.

In the longer run, the constructive stance in the cross remains well underpinned by the 200-day SMA at 133.65.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	137.4
Today Daily Change	206
Today Daily Change %	-1.36
Today daily open	139.29

Trends
Daily SMA20	139.52
Daily SMA50	139.87
Daily SMA100	137.48
Daily SMA200	133.66

Levels
Previous Daily High	139.5
Previous Daily Low	138.44
Previous Weekly High	142.32
Previous Weekly Low	138.78
Previous Monthly High	144.28
Previous Monthly Low	137.93
Daily Fibonacci 38.2%	139.1
Daily Fibonacci 61.8%	138.84
Daily Pivot Point S1	138.65
Daily Pivot Point S2	138.01
Daily Pivot Point S3	137.58
Daily Pivot Point R1	139.72
Daily Pivot Point R2	140.14
Daily Pivot Point R3	140.78

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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