EUR/JPY Price Analysis: Losses could accelerate to 138.00 near term

EUR/JPY comes under further pressure below the 200-day SMA.
The continuation of the downtrend could see the 138.00 region revisited.

Pablo Piovano FXStreet

EUR/JPY reverses the recent 2-day bounce and drops to 3-week lows in the 139.50 zone at the end of the week.

While the cross is expected to maintain the side-lined theme in the short term, a convincing breakdown of the 200-day SMA at 141.03 should open the taps to extra weakness with the immediate target at the contention zone around 138.00.

In the meantme, below the 200-day SMA, the outlook for the cross is expected to remain bearish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	140.11
Today Daily Change	196
Today Daily Change %	-0.83
Today daily open	141.28

Trends
Daily SMA20	140.73
Daily SMA50	141.6
Daily SMA100	142.94
Daily SMA200	141.06

Levels
Previous Daily High	141.38
Previous Daily Low	140.46
Previous Weekly High	142.34
Previous Weekly Low	139.93
Previous Monthly High	142.86
Previous Monthly Low	137.39
Daily Fibonacci 38.2%	141.02
Daily Fibonacci 61.8%	140.81
Daily Pivot Point S1	140.7
Daily Pivot Point S2	140.12
Daily Pivot Point S3	139.78
Daily Pivot Point R1	141.61
Daily Pivot Point R2	141.95
Daily Pivot Point R3	142.53

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.

EUR/USD hovers above 1.1800 as USD stabilizes

EUR/USD treads water above 1.1800 in the European session on Thursday. The US Dollar stabilizes, following the recent decline fuelled by concerns about the economic fallout from US President Trump's erratic trade policies, capping the pair's upside. All eyes now remain on Lagarde's speech and US-Iran nuclear talks.

GBP/USD extends recovery to near 20-day EMA as US Dollar weakens

The Pound Sterling holds onto weekly gains around 1.3565 against the US Dollar during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States trade policy outlook.

Gold clings to gains amid sustained safe-haven flows ahead of US-Iran talks

Gold sticks to its modest intraday gains through the first half of the European session on Thursday, with bulls still awaiting a sustained move and acceptance above the $5,200 mark before placing fresh bets.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

Nvidia delivers another monster earnings report, and forecasts big things to come

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

Solana strikes key resistance with double-digit gains

Solana trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds record $30 million of inflow on Wednesday.