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EUR/JPY Price Analysis: Further down comes the 55-day SMA

  • EUR/JPY appears side-lined in the low 161.00s on Friday.
  • Further losses should face provisional support near 159.60.

EUR/JPY alternates ups and downs around 161.30 on Friday, extending the consolidative mood in the lower end of the recent range.

The continuation of the downward bias carries the potential to motivate the cross to break below the 160.00 round level and revisit the interim 55-day SMA at 159.58.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA at 153.64.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price161.35
Today Daily Change83
Today Daily Change %-0.01
Today daily open161.36
 
Trends
Daily SMA20162.27
Daily SMA50159.75
Daily SMA100158.6
Daily SMA200153.6
 
Levels
Previous Daily High161.94
Previous Daily Low160.6
Previous Weekly High163.66
Previous Weekly Low161.25
Previous Monthly High164.31
Previous Monthly Low159.07
Daily Fibonacci 38.2%161.11
Daily Fibonacci 61.8%161.43
Daily Pivot Point S1160.66
Daily Pivot Point S2159.95
Daily Pivot Point S3159.31
Daily Pivot Point R1162
Daily Pivot Point R2162.65
Daily Pivot Point R3163.35

Author

Pablo Piovano

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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