EUR/JPY Price Analysis: Further weakness on the cards


  • EUR/JPY accelerates the weekly losses and breaches 131.00.
  • Next on the downside comes in the 130.00 neighbourhood.

The downside momentum in EUR/JPY picks up extra pace and motivates the cross to break below the key support at 131.00 on Wednesday.

The continuation of the downtrend could now extend further and attempt to re-visit the psychological 130.00 zone, where sits the June lows.

In the broader picture, while above the 200-day SMA at 128.09 the broader outlook for the cross should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 130.93
Today Daily Change 54
Today Daily Change % 0.08
Today daily open 130.82
 
Trends
Daily SMA20 132.16
Daily SMA50 132.48
Daily SMA100 131.01
Daily SMA200 128.12
 
Levels
Previous Daily High 131.86
Previous Daily Low 130.62
Previous Weekly High 132.43
Previous Weekly Low 131.28
Previous Monthly High 134.13
Previous Monthly Low 130.04
Daily Fibonacci 38.2% 131.1
Daily Fibonacci 61.8% 131.39
Daily Pivot Point S1 130.34
Daily Pivot Point S2 129.86
Daily Pivot Point S3 129.1
Daily Pivot Point R1 131.58
Daily Pivot Point R2 132.34
Daily Pivot Point R3 132.83

 

 

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