EUR/JPY Price Analysis: Next big supports comes in at 128.12

  • EUR/JPY accelerates the weekly losses and breaches 130.00.
  • Next on the downside comes in the 200-day SMA.

The downside momentum in EUR/JPY gathers extra steam and forces the cross to break below the key support at 130.00 on Thursday.

The mid-129.00s (April lows) emerge as the next support of note. The loss of this area could spark a deeper pullback to the critical 200-day SMA, today at 128.12.

Below the latter, the outlook for EUR/JPY is expected to shift to bearish.

EUR/JPY daily chart


Today last price 130.02
Today Daily Change 90
Today Daily Change % -0.39
Today daily open 130.53
Daily SMA20 132.01
Daily SMA50 132.45
Daily SMA100 131.04
Daily SMA200 128.15
Previous Daily High 131.04
Previous Daily Low 130.43
Previous Weekly High 132.43
Previous Weekly Low 131.28
Previous Monthly High 134.13
Previous Monthly Low 130.04
Daily Fibonacci 38.2% 130.66
Daily Fibonacci 61.8% 130.8
Daily Pivot Point S1 130.29
Daily Pivot Point S2 130.05
Daily Pivot Point S3 129.68
Daily Pivot Point R1 130.9
Daily Pivot Point R2 131.27
Daily Pivot Point R3 131.51



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