- 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|
|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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