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

EUR/JPY comes under pressure and fades Thursday’s advance.
Extra weakness remains on the cards below the 200-day SMA.

Pablo Piovano FXStreet

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

EUR/JPY

Overview
Today last price	141
Today Daily Change	151
Today Daily Change %	-0.57
Today daily open	141.81

Trends
Daily SMA20	143.77
Daily SMA50	142.16
Daily SMA100	142.92
Daily SMA200	141.81

Levels
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

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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