EUR/JPY Price Analysis: Further consolidation not ruled out

  • EUR/JPY meets some selling pressure after two daily advances.
  • Initial contention emerges at monthly lows near 132.90.

EUR/JPY fades two consecutive daily advances and now looks offered in the low-133.00s.

If the selling pressure gathers extra steam, then the cross could attempt a deeper pullback to, initially, the monthly lows near 132.90 (June 7). Further south comes in the 132.83/57 band, where converges the 50-day SMA and the short-term support line (off March lows).

In the broader picture, while above the 200-day SMA at 127.38 the outlook for the cross should remain constructive.

EUR/JPY daily chart


Today last price 133.23
Today Daily Change 44
Today Daily Change % -0.25
Today daily open 133.56
Daily SMA20 133.25
Daily SMA50 131.81
Daily SMA100 129.99
Daily SMA200 127.39
Previous Daily High 133.63
Previous Daily Low 133.21
Previous Weekly High 134.13
Previous Weekly Low 133.14
Previous Monthly High 134.06
Previous Monthly Low 130.98
Daily Fibonacci 38.2% 133.47
Daily Fibonacci 61.8% 133.37
Daily Pivot Point S1 133.3
Daily Pivot Point S2 133.04
Daily Pivot Point S3 132.88
Daily Pivot Point R1 133.72
Daily Pivot Point R2 133.88
Daily Pivot Point R3 134.14



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