EUR/JPY Price Analysis: Further losses look likely

EUR/JPY comes under extra pressure and approaches 161.00.
Immediately to the downside now comes the 55-day SMA.

Pablo Piovano FXStreet

EUR/JPY retreats for the fourth session in a row and visits multi-session lows near 161.20 on Tuesday.

Further downside appears well on the cards for the cross in the short-term horizon.

That said, losses could then accelerate to the provisional 55-day SMA at 158.93 ahead of the interim 100-day SMA at 158.07.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.88.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	161.57
Today Daily Change	118
Today Daily Change %	-0.46
Today daily open	162.31

Trends
Daily SMA20	160.91
Daily SMA50	159
Daily SMA100	158.07
Daily SMA200	152.83

Levels
Previous Daily High	163.56
Previous Daily Low	161.78
Previous Weekly High	164.31
Previous Weekly Low	161.54
Previous Monthly High	160.85
Previous Monthly Low	154.39
Daily Fibonacci 38.2%	162.46
Daily Fibonacci 61.8%	162.88
Daily Pivot Point S1	161.54
Daily Pivot Point S2	160.76
Daily Pivot Point S3	159.75
Daily Pivot Point R1	163.32
Daily Pivot Point R2	164.33
Daily Pivot Point R3	165.1

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 struggles aroound 1.1800 as USD stabilizes

EUR/USD stays defensive around 1.1800 in the European session on Thursday. The US Dollar stabilizes, following the recent decline led by tariff uncertainty, capping the pair's upside. All eyes now remain on the US-Iran nuclear talks after ECB President Lagarde's testimony fails to impress Euro bulls.

GBP/USD drops toward 1.3500 as USD finds fresh demand

GBP/USD falls back toward 1.3500 in the European session on Thursday, snapping its recovery momentum. The pair loses traction as the US Dollar finds fresh demand, as markets turn cautious ahead of the US-Iran nuclear talks. The US trade policy uncertainty also remains a drag on risk sentiment.

Gold clings to gains amid sustained safe-haven flows ahead of US-Iran talks

Gold sticks to its modest intraday gains through the first half of the European session on Thursday, with bulls still awaiting a sustained move and acceptance above the $5,200 mark before placing fresh bets.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

The one thing everyone is on the lookout for is US action of some sort against Iran

The FX market is minestrone soup these days. It is befuddled by conflicting data, rumors and small stories exaggerated out of proportion, and Trump-generated uncertainty.

Solana strikes key resistance with double-digit gains

Solana trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds record $30 million of inflow on Wednesday.