EUR/JPY Price Analysis: No changes to the consolidative theme

EUR/JPY adds to the weekly decline near the 157.00 support.
Next to the upside aligns the monthly high at 158.65.

Pablo Piovano FXStreet

EUR/JPY maintains the bearish mood so far this week and revisits the vicinity of the 157.00 neighbourhood on Wednesday.

In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a visit to the so far monthly high of 158.65 (September 13) prior to the 2023 top at 159.76 (August 30), which precedes the key round level at 160.00.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 149.26.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	157.24
Today Daily Change	48
Today Daily Change %	-0.23
Today daily open	157.6

Trends
Daily SMA20	157.94
Daily SMA50	157.57
Daily SMA100	155.1
Daily SMA200	149.22

Levels
Previous Daily High	157.93
Previous Daily Low	157.32
Previous Weekly High	158.45
Previous Weekly Low	157.04
Previous Monthly High	159.76
Previous Monthly Low	155.53
Daily Fibonacci 38.2%	157.55
Daily Fibonacci 61.8%	157.69
Daily Pivot Point S1	157.3
Daily Pivot Point S2	157.01
Daily Pivot Point S3	156.7
Daily Pivot Point R1	157.91
Daily Pivot Point R2	158.22
Daily Pivot Point R3	158.51

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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