- EUR/JPY extends the weakness well below the 133.00 level.
- The mid-132.00s emerge as the next area of contention.
EUR/JPY gathers further selling pressure and already tests the initial support zone around the 133.00/132.90 band on Friday.
If the selling pressure gathers extra steam, then the cross could attempt a deeper pullback to, initially, the weekly lows near 132.50 (May 24). Further south comes in the 131.88/64 band, where coincides the 50-day SMA and the short-term support line.
In the broader picture, while above the 200-day SMA at 127.41 the broader outlook for the cross should remain constructive.
EUR/JPY daily chart
|Today last price||132.91|
|Today Daily Change||57|
|Today Daily Change %||-0.14|
|Today daily open||133.1|
|Previous Daily High||133.76|
|Previous Daily Low||133.04|
|Previous Weekly High||134.13|
|Previous Weekly Low||133.14|
|Previous Monthly High||134.06|
|Previous Monthly Low||130.98|
|Daily Fibonacci 38.2%||133.32|
|Daily Fibonacci 61.8%||133.49|
|Daily Pivot Point S1||132.85|
|Daily Pivot Point S2||132.59|
|Daily Pivot Point S3||132.13|
|Daily Pivot Point R1||133.56|
|Daily Pivot Point R2||134.02|
|Daily Pivot Point R3||134.28|
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