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EUR/JPY Price Analysis: Interim support now comes at 158.60

  • EUR/JPY extends the leg lower to the 159.00 zone.
  • Further downside could revisit the 100-day SMA near 158.60.

EUR/JPY accelerates its losses and puts the 159.00 support to the test at the beginning of the week.

The continuation of the downward bias appears on the cards for the time being. Against that, the 100-day SMA at 158.62 is expected to offer temporary contention prior to the October low of 154.34 (October 3).

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA at 153.71.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price159.13
Today Daily Change85
Today Daily Change %-0.41
Today daily open159.79
 
Trends
Daily SMA20162.25
Daily SMA50159.78
Daily SMA100158.64
Daily SMA200153.68
 
Levels
Previous Daily High161.78
Previous Daily Low159.65
Previous Weekly High163.72
Previous Weekly Low159.65
Previous Monthly High164.31
Previous Monthly Low159.07
Daily Fibonacci 38.2%160.46
Daily Fibonacci 61.8%160.96
Daily Pivot Point S1159.03
Daily Pivot Point S2158.28
Daily Pivot Point S3156.9
Daily Pivot Point R1161.16
Daily Pivot Point R2162.54
Daily Pivot Point R3163.29

Author

Pablo Piovano

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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