- EUR/JPY comes under pressure and fades Thursday’s advance.
- Extra weakness remains on the cards below the 200-day SMA.
EUR/JPY resumes the downside and returns to the sub-141.00 region at the end of the week.
The cross looks side-lined in the second half of the week in the lower end of the weekly range. Occasional bullish attempts should initially clear the provisional 100-day SMA near 142.80 to allow for a test of the 2023 high at 145.56 (March 2).
In the meantime, extra losses remain on the cards while the cross trades below the 200-day SMA. If losses accelerate, then a potential visit to the March low at 139.11 (March 16) should start emerging on the horizon.
EUR/JPY daily chart
|Today last price||141|
|Today Daily Change||151|
|Today Daily Change %||-0.57|
|Today daily open||141.81|
|Previous Daily High||142.01|
|Previous Daily Low||139.13|
|Previous Weekly High||145.44|
|Previous Weekly Low||143.35|
|Previous Monthly High||145.47|
|Previous Monthly Low||139.55|
|Daily Fibonacci 38.2%||140.91|
|Daily Fibonacci 61.8%||140.23|
|Daily Pivot Point S1||139.96|
|Daily Pivot Point S2||138.1|
|Daily Pivot Point S3||137.08|
|Daily Pivot Point R1||142.84|
|Daily Pivot Point R2||143.86|
|Daily Pivot Point R3||145.72|
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