EUR/JPY Price Analysis: Further consolidation looks likely near-term

EUR/JPY met resistance in the 121.00 neighbourhood so far this week.
Immediately to the upside emerges the next stop at the 122.00 barrier.

Pablo Piovano FXStreet

Following a failed attempt to surpass the 121.00 mark on Tuesday, EUR/JPY is now shedding some ground and returns to the 120.40 area at the time of writing.

In the meantime, solid support appears to have emerged at the 200-day SMA in the mid-119.00s. A break below this area should pave the way for a deeper pullback in the near-term.

In the meantime, while above the 200-day SMA, the outlook on the cross is expected to remain positive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	120.33
Today Daily Change	71
Today Daily Change %	-0.11
Today daily open	120.46

Trends
Daily SMA20	120.99
Daily SMA50	118.35
Daily SMA100	118.76
Daily SMA200	119.6

Levels
Previous Daily High	121.1
Previous Daily Low	119.91
Previous Weekly High	122.12
Previous Weekly Low	119.38
Previous Monthly High	119.9
Previous Monthly Low	114.43
Daily Fibonacci 38.2%	120.64
Daily Fibonacci 61.8%	120.36
Daily Pivot Point S1	119.88
Daily Pivot Point S2	119.3
Daily Pivot Point S3	118.69
Daily Pivot Point R1	121.07
Daily Pivot Point R2	121.68
Daily Pivot Point R3	122.26

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 slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold surges on safe-haven demand, rises above $5,400

Gold benefits from intense risk-aversion on Monday and climbs above $5,400, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.

Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.