• EUR/JPY fades the recent strength and returns to 130.50.
  • Price action suggests further consolidation remains on the cards.

EUR/JPY adds to the recent corrective downside and extends the break below the 131.00 mark on Friday.

As long as the cross remains capped by the YTD high at 131.60 (January 5), further sideways trading should not be ruled out. In the meantime, occasional bearish attempts appear well contained by the 130.00 neighbourhood for the time being.

While above the 200-day SMA, today at 130.53, the outlook for EUR/JPY should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 130.48
Today Daily Change 48
Today Daily Change % -0.18
Today daily open 130.72
 
Trends
Daily SMA20 130.16
Daily SMA50 129.51
Daily SMA100 130.01
Daily SMA200 130.58
 
Levels
Previous Daily High 131.44
Previous Daily Low 130.62
Previous Weekly High 131.6
Previous Weekly Low 130.02
Previous Monthly High 131.04
Previous Monthly Low 127.38
Daily Fibonacci 38.2% 130.93
Daily Fibonacci 61.8% 131.13
Daily Pivot Point S1 130.41
Daily Pivot Point S2 130.11
Daily Pivot Point S3 129.59
Daily Pivot Point R1 131.23
Daily Pivot Point R2 131.75
Daily Pivot Point R3 132.05

 

 

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