- 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
|Today last price||162.1|
|Today Daily Change||179|
|Today Daily Change %||-0.73|
|Today daily open||163.29|
|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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