EUR/JPY Price Analysis: Further consolidation in the pipeline

EUR/JPY alternates gains with losses around 140.50 midweek.
The 143.00 region remains a tough near-term resistance zone.

Pablo Piovano FXStreet

EUR/JPY navigates within a narrow range in the mid-140.00s following Tuesday’s sharp sell-off.

While the cross is expected to maintain the side-lined theme in the short term, the 143.00 area remains a solid barrier for bulls. This key resistance zone also appears reinforced by the 100-day SMA, today at 142.89

If the cross breaches the 200-day SMA at 141.00 on a sustainable fashion, the outlook is expected to shift to bearish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	140.55
Today Daily Change	64
Today Daily Change %	-0.04
Today daily open	140.6

Trends
Daily SMA20	140.76
Daily SMA50	141.68
Daily SMA100	142.94
Daily SMA200	141.02

Levels
Previous Daily High	142.44
Previous Daily Low	140.29
Previous Weekly High	142.34
Previous Weekly Low	139.93
Previous Monthly High	142.86
Previous Monthly Low	137.39
Daily Fibonacci 38.2%	141.11
Daily Fibonacci 61.8%	141.62
Daily Pivot Point S1	139.78
Daily Pivot Point S2	138.96
Daily Pivot Point S3	137.62
Daily Pivot Point R1	141.93
Daily Pivot Point R2	143.26
Daily Pivot Point R3	144.08

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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