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

EUR/JPY remains on the defensive and breaches 136.00.
Further decline could see the 200-day SMA retested.

Pablo Piovano FXStreet

EUR/JPY adds to to Friday’s pullback and breaks below the 136.00 yardstick on Monday.

In case bears push harder, then the cross could attempt another visit to the key 200-day SMA at 133.92 prior to the August low at 133.39 (August 2).

While above the 200-day SMA, the prospects for the pair should remain constructive.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	135.99
Today Daily Change	122
Today Daily Change %	-0.66
Today daily open	136.89

Trends
Daily SMA20	137.94
Daily SMA50	139.74
Daily SMA100	138.13
Daily SMA200	133.93

Levels
Previous Daily High	137.72
Previous Daily Low	136.79
Previous Weekly High	138.4
Previous Weekly Low	136.3
Previous Monthly High	142.43
Previous Monthly Low	135.55
Daily Fibonacci 38.2%	137.15
Daily Fibonacci 61.8%	137.37
Daily Pivot Point S1	136.55
Daily Pivot Point S2	136.21
Daily Pivot Point S3	135.62
Daily Pivot Point R1	137.48
Daily Pivot Point R2	138.07
Daily Pivot Point R3	138.41

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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