EUR/JPY Price Analysis: Rising bets for extra losses to 119.25

EUR/JPY accelerates the sell-off below the 120.00 mark.
Immediately to the downside emerges the 119.60 region.

Pablo Piovano FXStreet

The downside in EUR/JPY has picked up extra pace after breaching the key 200-day SMA in the 120.80 region on Friday and the 100-day SMA around 120.30 on Monday.

While sellers remain in control, then the area of 119.60, or late November lows, should emerge on the horizon ahead of November’s low at 119.25.

Furthermore, as long as the 200-day SMA caps the upside, the selling bias in the cross is expected to remain unchanged.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	119.86
Today Daily Change	40
Today Daily Change %	-0.09
Today daily open	119.97

Trends
Daily SMA20	121.62
Daily SMA50	121.22
Daily SMA100	120.37
Daily SMA200	120.75

Levels
Previous Daily High	120.46
Previous Daily Low	119.91
Previous Weekly High	122.37
Previous Weekly Low	120.42
Previous Monthly High	124.2
Previous Monthly Low	119.98
Daily Fibonacci 38.2%	120.12
Daily Fibonacci 61.8%	120.25
Daily Pivot Point S1	119.76
Daily Pivot Point S2	119.56
Daily Pivot Point S3	119.2
Daily Pivot Point R1	120.32
Daily Pivot Point R2	120.67
Daily Pivot Point R3	120.87

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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