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

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

Pablo Piovano FXStreet

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

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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