EUR/JPY Price Analysis: Stays bearish below the 200-day SMA

EUR/JPY came under further pressure and printed 2020 lows.
While capped by the 200-day SMA at 120.52, extra losses are likely.

Pablo Piovano FXStreet

EUR/JPY is showing some signs of life after hitting fresh 2020 lows in the 119.70/65 band at the beginning of the week.

The bearish stance remains well in place as long as the 200-day SMA, today at 120.52, caps the upside.

Against this backdrop, a move to the November low at 119.25 in the near-term should not be ruled out.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	119.88
Today Daily Change	29
Today Daily Change %	0.09
Today daily open	119.77

Trends
Daily SMA20	121.02
Daily SMA50	121.22
Daily SMA100	120.49
Daily SMA200	120.53

Levels
Previous Daily High	120.34
Previous Daily Low	119.68
Previous Weekly High	121.15
Previous Weekly Low	119.92
Previous Monthly High	122.88
Previous Monthly Low	119.78
Daily Fibonacci 38.2%	119.93
Daily Fibonacci 61.8%	120.09
Daily Pivot Point S1	119.52
Daily Pivot Point S2	119.27
Daily Pivot Point S3	118.86
Daily Pivot Point R1	120.18
Daily Pivot Point R2	120.59
Daily Pivot Point R3	120.84

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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