EUR/JPY Price Analysis: Next decent contention is seen at 146.30

EUR/JPY faces extra selling pressure and flirts with 148.00.
Further decline could put the 146.30 region to the test in the near term

Pablo Piovano FXStreet

EUR/JPY adds to Tuesday’s bearish performance and puts 148.00 to the test on Wednesday.

It seems the bullish outlook now appears somewhat dented. Against that, the cross could initially revisit the weekly low at 147.12 (May 4), while the loss of this level could spark a deeper decline to the weekly low at 146.28 (April 25).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.90.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	148.1
Today Daily Change	67
Today Daily Change %	-0.09
Today daily open	148.24

Trends
Daily SMA20	148
Daily SMA50	145.26
Daily SMA100	143.33
Daily SMA200	142.88

Levels
Previous Daily High	148.92
Previous Daily Low	147.89
Previous Weekly High	151.62
Previous Weekly Low	147.13
Previous Monthly High	150.44
Previous Monthly Low	142.55
Daily Fibonacci 38.2%	148.28
Daily Fibonacci 61.8%	148.52
Daily Pivot Point S1	147.78
Daily Pivot Point S2	147.32
Daily Pivot Point S3	146.75
Daily Pivot Point R1	148.8
Daily Pivot Point R2	149.37
Daily Pivot Point R3	149.83

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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