EUR/JPY Technical Analysis: Further downside could extend to 119.70

  • The downside momentum in EUR/JPY gathers traction.
  • Further south emerges the key support near 119.70.

EUR/JPY is extending the leg lower to the initial target at the 120.30 region, although further weakness remains in the pipeline in light of increasing trade concerns.

If the selling pressure picks up extra pace, then the next significant area of contention is located in the proximity of 119.70, where coincide the 55-day SMA and November 25th low.

Further south emerges the 119.30 area, coincident with the November low and the 100-day SMA.


Today last price 120.22
Today Daily Change 44
Today Daily Change % -0.13
Today daily open 120.38
Daily SMA20 120.26
Daily SMA50 119.8
Daily SMA100 119.33
Daily SMA200 121.57
Previous Daily High 120.97
Previous Daily Low 120.24
Previous Weekly High 120.77
Previous Weekly Low 119.68
Previous Monthly High 121.31
Previous Monthly Low 119.24
Daily Fibonacci 38.2% 120.52
Daily Fibonacci 61.8% 120.69
Daily Pivot Point S1 120.09
Daily Pivot Point S2 119.8
Daily Pivot Point S3 119.36
Daily Pivot Point R1 120.82
Daily Pivot Point R2 121.26
Daily Pivot Point R3 121.55



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