EUR/JPY Price Analysis: Further losses likely below the 200-day SMA

EUR/JPY trades with modest losses and adds to Thursday’s strong drop.
The cross broke below the 200-day SMA, exposing further weakness.

Pablo Piovano FXStreet

EUR/JPY remains under pressure and briefly revisited the key 140.00 neighbourhood at the end of the week.

The cross appears to have broken below the multi-session consolidative phase as well as the 200-day SMA, today at 140.93.

In doing so, further decline now appears in store in the very near term and with the immediate target at the 138.00 region.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	140.33
Today Daily Change	62
Today Daily Change %	-0.14
Today daily open	140.52

Trends
Daily SMA20	140.74
Daily SMA50	141.82
Daily SMA100	143
Daily SMA200	140.95

Levels
Previous Daily High	141.94
Previous Daily Low	140.08
Previous Weekly High	142.3
Previous Weekly Low	140.47
Previous Monthly High	142.86
Previous Monthly Low	137.39
Daily Fibonacci 38.2%	140.79
Daily Fibonacci 61.8%	141.23
Daily Pivot Point S1	139.76
Daily Pivot Point S2	138.99
Daily Pivot Point S3	137.9
Daily Pivot Point R1	141.61
Daily Pivot Point R2	142.7
Daily Pivot Point R3	143.46

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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