EUR/JPY Price Analysis: Next on the downside comes 158.90


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  • EUR/JPY drops to multi-day lows in the sub-162.00 area.
  • Further south comes the 55-day SMA near 158.90.

EUR/JPY extends the decline below the 162.00 support at the beginning of the week.

Further downside appears well on the cards for the cross in the short-term horizon. That said, losses could then accelerate to the provisional 55-day SMA at 158.87 ahead of the interim 100-day SMA at 158.02.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.79.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price 162.1
Today Daily Change 179
Today Daily Change % -0.73
Today daily open 163.29
 
Trends
Daily SMA20 160.78
Daily SMA50 158.91
Daily SMA100 158.03
Daily SMA200 152.73
 
Levels
Previous Daily High 163.92
Previous Daily Low 162.15
Previous Weekly High 164.31
Previous Weekly Low 161.54
Previous Monthly High 160.85
Previous Monthly Low 154.39
Daily Fibonacci 38.2% 162.83
Daily Fibonacci 61.8% 163.24
Daily Pivot Point S1 162.32
Daily Pivot Point S2 161.36
Daily Pivot Point S3 160.56
Daily Pivot Point R1 164.09
Daily Pivot Point R2 164.89
Daily Pivot Point R3 165.85

 

 

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