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.

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

 

 

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