EUR/JPY Technical Analysis: Door open for extra losses to 122.40

EUR/JPY is intensifying the weekly leg lower below the critical support at 123.00 the figure.
Immediately to the downside lies early January lows in the 122.60 region ahead of 122.39, June 2017 low.
The cross is expected to keep the negative bias as long as the multi-month resistance line at 126.12 caps the upside. Interim resistance, however, emerges at the 125.03/34 band, where converge the 21-day, 100-day and 55-day SMAs.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	122.9
Today Daily Change	51
Today Daily Change %	-0.26
Today daily open	123.22

Trends
Daily SMA20	125.16
Daily SMA50	125.36
Daily SMA100	125.22
Daily SMA200	127.17

Levels
Previous Daily High	123.53
Previous Daily Low	123.1
Previous Weekly High	125.24
Previous Weekly Low	124.28
Previous Monthly High	126.86
Previous Monthly Low	124.04
Daily Fibonacci 38.2%	123.27
Daily Fibonacci 61.8%	123.37
Daily Pivot Point S1	123.04
Daily Pivot Point S2	122.86
Daily Pivot Point S3	122.61
Daily Pivot Point R1	123.46
Daily Pivot Point R2	123.71
Daily Pivot Point R3	123.89

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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