EUR/JPY Technical Analysis: Further downside could re-test the 55-day SMA at 125.26

The leg lower in EUR/JPY remains well and sound for yet another session and is now flirting with the 126.00 handle.
If the selling impulse accelerates, the 55-day SMA at 125.26 is expected to return to the horizon as the next relevant support.
In the meantime, while above the short-term support line at 124.48, the constructive stance on the cross should remain unchanged for the time being.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	125.98
Today Daily Change	89
Today Daily Change %	-0.06
Today daily open	126.05

Trends
Daily SMA20	126.07
Daily SMA50	125.33
Daily SMA100	126.46
Daily SMA200	127.95

Levels
Previous Daily High	126.61
Previous Daily Low	125.68
Previous Weekly High	126.58
Previous Weekly Low	124.48
Previous Monthly High	126.92
Previous Monthly Low	124.16
Daily Fibonacci 38.2%	126.03
Daily Fibonacci 61.8%	126.25
Daily Pivot Point S1	125.62
Daily Pivot Point S2	125.18
Daily Pivot Point S3	124.69
Daily Pivot Point R1	126.55
Daily Pivot Point R2	127.04
Daily Pivot Point R3	127.48

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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