EUR/JPY Technical Analysis: Deeper pullback could see 108.23 re-tested

EUR/JPY is navigating in fresh 2019 lows in the 118.60 region following a strong pick up in the demand ofr the Japanese safe haven post-new tariffs.
Immediately to the downside emerges the next relevant support at February 2017 low at 118.23 ahead of 2017 low at 114.85 (April 17).
While below recent tops at 121.38, the cross is expected to remain under heavy downside pressure.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	118.6
Today Daily Change	68
Today Daily Change %	-0.32
Today daily open	118.98

Trends
Daily SMA20	121.15
Daily SMA50	121.67
Daily SMA100	123.18
Daily SMA200	124.86

Levels
Previous Daily High	120.72
Previous Daily Low	118.92
Previous Weekly High	121.38
Previous Weekly Low	120.04
Previous Monthly High	123.36
Previous Monthly Low	120.04
Daily Fibonacci 38.2%	119.61
Daily Fibonacci 61.8%	120.03
Daily Pivot Point S1	118.36
Daily Pivot Point S2	117.74
Daily Pivot Point S3	116.56
Daily Pivot Point R1	120.16
Daily Pivot Point R2	121.34
Daily Pivot Point R3	121.96

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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