EUR/JPY Price Analysis: Looking to break the triangle pattern

EUR/JPY keeps trading within a side-lined fashion.
The potential development of a triangle pattern signals further rangebound.

Pablo Piovano FXStreet

EUR/JPY keeps the consolidative theme well in place for yet another session on Monday.

In the meantime, and against the backdrop of the ongoing consolidation, a symmetrical triangle pattern seems to be shaping up, while there is still no clues regarding the potential direction of the eventual break.

On the broader picture, the probability of extra losses should stay on the cards as long as the cross navigates below the key 200-day SMA, today at 120.03.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	118.04
Today Daily Change	89
Today Daily Change %	-0.48
Today daily open	118.61

Trends
Daily SMA20	119.08
Daily SMA50	120.04
Daily SMA100	120.47
Daily SMA200	120.07

Levels
Previous Daily High	119.3
Previous Daily Low	117.85
Previous Weekly High	119.69
Previous Weekly Low	116.9
Previous Monthly High	121.4
Previous Monthly Low	118.38
Daily Fibonacci 38.2%	118.74
Daily Fibonacci 61.8%	118.4
Daily Pivot Point S1	117.87
Daily Pivot Point S2	117.13
Daily Pivot Point S3	116.42
Daily Pivot Point R1	119.32
Daily Pivot Point R2	120.04
Daily Pivot Point R3	120.78

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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