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.

Pablo Piovano FXStreet

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 price	161.35
Today Daily Change	83
Today Daily Change %	-0.01
Today daily open	161.36

Trends
Daily SMA20	162.27
Daily SMA50	159.75
Daily SMA100	158.6
Daily SMA200	153.6

Levels
Previous Daily High	161.94
Previous Daily Low	160.6
Previous Weekly High	163.66
Previous Weekly Low	161.25
Previous Monthly High	164.31
Previous Monthly Low	159.07
Daily Fibonacci 38.2%	161.11
Daily Fibonacci 61.8%	161.43
Daily Pivot Point S1	160.66
Daily Pivot Point S2	159.95
Daily Pivot Point S3	159.31
Daily Pivot Point R1	162
Daily Pivot Point R2	162.65
Daily Pivot Point R3	163.35

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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