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.

Pablo Piovano FXStreet

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 price	159.13
Today Daily Change	85
Today Daily Change %	-0.41
Today daily open	159.79

Trends
Daily SMA20	162.25
Daily SMA50	159.78
Daily SMA100	158.64
Daily SMA200	153.68

Levels
Previous Daily High	161.78
Previous Daily Low	159.65
Previous Weekly High	163.72
Previous Weekly Low	159.65
Previous Monthly High	164.31
Previous Monthly Low	159.07
Daily Fibonacci 38.2%	160.46
Daily Fibonacci 61.8%	160.96
Daily Pivot Point S1	159.03
Daily Pivot Point S2	158.28
Daily Pivot Point S3	156.9
Daily Pivot Point R1	161.16
Daily Pivot Point R2	162.54
Daily Pivot Point R3	163.29

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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