EUR/JPY Technical Analysis: Corrective downside could test the 100-day SMA at 119.59

EUR/JPY is extending the correction lower following the renewed demand for the safe haven JPY.
The continuation of the leg lower could see the key 100-day SMA near 119.60 re-tested in the short-term horizon ahead of the 55-day SMA just above 119.00 the figure.
On the flip side, the resumption of the bullish mood continues to target the area of recent tops in the mid-121.00s.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	120.22
Today Daily Change	35
Today Daily Change %	-0.12
Today daily open	120.37

Trends
Daily SMA20	120.68
Daily SMA50	119.2
Daily SMA100	119.62
Daily SMA200	122

Levels
Previous Daily High	120.88
Previous Daily Low	120.2
Previous Weekly High	121.31
Previous Weekly Low	120.14
Previous Monthly High	121.48
Previous Monthly Low	117.07
Daily Fibonacci 38.2%	120.46
Daily Fibonacci 61.8%	120.62
Daily Pivot Point S1	120.09
Daily Pivot Point S2	119.81
Daily Pivot Point S3	119.42
Daily Pivot Point R1	120.76
Daily Pivot Point R2	121.16
Daily Pivot Point R3	121.44

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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