EUR/JPY technical analysis: Bears target a break to 117.40

  • Bears in control with expanding moving averages pressuring the downside.
  • The 20-DMA is first key resistance but bears target a break of 118 handle. 

EUR/JPY is trading in a bearish daily trend but is stalling at the 118 handle as risk appetite returns.  EUR/JPY recently exceeded the prior 2019 lows pressured by expanding moving averages on the way down with the price a sell on rallies. 

A break of 118 will open the next support to the downside at 117.40/19 which guards the 114.86 2017 low. On the upside, an initial resistance is the 20-day moving average in the 119.32 ahead of the 120.06 25th July low. 


Today last price 118.15
Today Daily Change 0.18
Today Daily Change % 0.15
Today daily open 117.97
Daily SMA20 119.46
Daily SMA50 120.9
Daily SMA100 122.43
Daily SMA200 124.3
Previous Daily High 118.18
Previous Daily Low 117.58
Previous Weekly High 119.59
Previous Weekly Low 117.52
Previous Monthly High 123.36
Previous Monthly Low 120.04
Daily Fibonacci 38.2% 117.95
Daily Fibonacci 61.8% 117.8
Daily Pivot Point S1 117.64
Daily Pivot Point S2 117.31
Daily Pivot Point S3 117.04
Daily Pivot Point R1 118.24
Daily Pivot Point R2 118.51
Daily Pivot Point R3 118.84



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