EUR/JPY Price Analysis: Further downside could retest 136.85

EUR/JPY keeps the choppy trade well and sound so far this week.
A deeper pullback could visit the July low at 136.85.

Pablo Piovano FXStreet

EUR/JPY partially reverses Tuesday’s drop amidst the improvement in the risk-associated universe midweek.

The cross remains under pressure and is vulnerable to further decline while below the 4-month resistance line near 141.90. Against that, the 100-day SMA should offer temporary contention at 137.44 ahead of the July low at 136.85 (July 8).

In the longer run, the constructive stance in the cross remains well underpinned by the 200-day SMA at 133.62.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	138.65
Today Daily Change	65
Today Daily Change %	0.11
Today daily open	138.5

Trends
Daily SMA20	139.69
Daily SMA50	139.76
Daily SMA100	137.37
Daily SMA200	133.63

Levels
Previous Daily High	139.84
Previous Daily Low	138.13
Previous Weekly High	142.32
Previous Weekly Low	138.78
Previous Monthly High	144.28
Previous Monthly Low	137.93
Daily Fibonacci 38.2%	138.79
Daily Fibonacci 61.8%	139.19
Daily Pivot Point S1	137.81
Daily Pivot Point S2	137.12
Daily Pivot Point S3	136.1
Daily Pivot Point R1	139.52
Daily Pivot Point R2	140.53
Daily Pivot Point R3	141.23

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 holds gains around 1.1800 amid renewed USD selling

EUR/USD regains positive traction and holds around 1.1800 in the European session, reversing the previous day's modest losses. The pair's uptick is sponsored by the emergence of fresh US Dollar selling, which remains induced by persistent trade-related uncertainties.

GBP/USD strengthens above 1.3500 on softer US Dollar

GBP/USD is posting moderate gains above 1.3500 in European trading on Wednesday. The pair appreciates as the US Dollar meets fresh supply following US President Donald Trump’s first State of the Union address and amid looming tariff uncertainty.

Gold eyes monthly top above $5,200 amid geopolitics, trade jitters

Gold buyers are back in the game, eyeing $5,200 and beyonf on Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

Nvidia remains at the heart of the AI boom

Nvidia remains at the heart of the AI boom, with Q4 revenue projected near $65.6–66.1 billion, nearly 70% higher year-over-year. But investors are watching cash flow, leverage, and broader AI adoption. Growth is strong, but the AI stress isn’t over.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.