EUR/JPY Technical Analysis: Negative view remains entrenched. Next target at 114.85

EUR/JPY recorded fresh 2019 lows in the 116.40 region during early trade, always on the back of persistent and strong selling bias around the European currency.
The continuation of the leg lower is thus expected at least in the near term. The next target emerges at 114.85, May 2017 low.
Sporadic bouts of buying pressure should meet light resistance at 117.51, the 10-day SMA ahead of the 21-day SMA just beyond 118.00 the figure.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	116.71
Today Daily Change	38
Today Daily Change %	-0.10
Today daily open	116.83

Trends
Daily SMA20	118.08
Daily SMA50	120.05
Daily SMA100	121.67
Daily SMA200	123.76

Levels
Previous Daily High	117.83
Previous Daily Low	116.62
Previous Weekly High	118.2
Previous Weekly Low	116.57
Previous Monthly High	120.72
Previous Monthly Low	116.57
Daily Fibonacci 38.2%	117.08
Daily Fibonacci 61.8%	117.37
Daily Pivot Point S1	116.35
Daily Pivot Point S2	115.88
Daily Pivot Point S3	115.14
Daily Pivot Point R1	117.57
Daily Pivot Point R2	118.31
Daily Pivot Point R3	118.78

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.

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.