EUR/JPY Price Analysis: Initial contention emerges around 125.30

EUR/JPY stays flat just below the 126.00 yardstick on Friday.
The consolidative mood is expected to persist ahead of US NFP.

Pablo Piovano FXStreet

EUR/JPY’s corrective downside met support near 125.30 on Thursday, regaining some composure since then and now navigating within a narrow range, all in line with the rest of the global assets.

The current downside should be deemed as corrective only and carries the potential to extend to the 124.40 zone (low August 21) ahead of the probable resumption of the bullish trend.

The constructive view around EUR/JPY is predicted to remain unchanged while above the 200-day SMA at 120.63.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	125.84
Today Daily Change	40
Today Daily Change %	-0.01
Today daily open	125.85

Trends
Daily SMA20	125.61
Daily SMA50	123.81
Daily SMA100	121.15
Daily SMA200	120.64

Levels
Previous Daily High	126.02
Previous Daily Low	125.29
Previous Weekly High	126.78
Previous Weekly Low	124.69
Previous Monthly High	126.85
Previous Monthly Low	123.99
Daily Fibonacci 38.2%	125.57
Daily Fibonacci 61.8%	125.74
Daily Pivot Point S1	125.42
Daily Pivot Point S2	124.99
Daily Pivot Point S3	124.68
Daily Pivot Point R1	126.15
Daily Pivot Point R2	126.45
Daily Pivot Point R3	126.88

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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