EUR/JPY Price Analysis: Next on the downside comes in the 200-day SMA

  • EUR/JPY extends the bearish move to sub-130.00 levels.
  • Below 129.50 the focus of attention is on the 200-day SMA.

EUR/JPY extends the weekly downtrend for yet another session and breaches the psychological support at 130.00 the figure.

The loss of monthly lows in the mid-129.00s could open the door to an acceleration of the downside to, initially, the minor support at the Fibo level at 128.54 ahead of the critical 200-day SMA, today at 128.28. This zone coincides with monthly lows recorded in March.

Looking at the broader picture, further losses carry the potential to put the constructive outlook to the test. This remains unchanged while above the 200-day SMA so far.

EUR/JPY daily chart


Today last price 129.96
Today Daily Change 37
Today Daily Change % -0.16
Today daily open 130.17
Daily SMA20 131.34
Daily SMA50 132.35
Daily SMA100 131.16
Daily SMA200 128.31
Previous Daily High 130.43
Previous Daily Low 130.02
Previous Weekly High 131.87
Previous Weekly Low 129.62
Previous Monthly High 134.13
Previous Monthly Low 130.04
Daily Fibonacci 38.2% 130.18
Daily Fibonacci 61.8% 130.28
Daily Pivot Point S1 129.98
Daily Pivot Point S2 129.8
Daily Pivot Point S3 129.57
Daily Pivot Point R1 130.4
Daily Pivot Point R2 130.62
Daily Pivot Point R3 130.81



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