EUR/JPY Price Analysis: Near-term consolidation looks likely

EUR/JPY is looking to extend the consolidation around 116.00.
Immediately to the downside aligns the yearly lows in the mid-114.00s.

Pablo Piovano FXStreet

EUR/JPY is now attempting to consolidate in the 116.00 region following the rejection from last week’s tops near 117.00 the figure.

While trading below the short-term resistance line in the 116.40 zone, another visit to the YTD lows in the 114.50 area should not be ruled out

On the broader picture, a more serious bullish attempt should clear the May’s top in the 117.75/80 band. This area of resistance is also reinforced by the 55-day SMA near 117.60.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	115.99
Today Daily Change	40
Today Daily Change %	0.03
Today daily open	115.96

Trends
Daily SMA20	116.15
Daily SMA50	117.51
Daily SMA100	119.09
Daily SMA200	119.32

Levels
Previous Daily High	116.2
Previous Daily Low	115.48
Previous Weekly High	116.86
Previous Weekly Low	115.3
Previous Monthly High	119.04
Previous Monthly Low	115.45
Daily Fibonacci 38.2%	115.92
Daily Fibonacci 61.8%	115.75
Daily Pivot Point S1	115.56
Daily Pivot Point S2	115.16
Daily Pivot Point S3	114.84
Daily Pivot Point R1	116.28
Daily Pivot Point R2	116.6
Daily Pivot Point R3	117

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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