EUR/JPY Technical Analysis: Outlook remains negative below the resistance line at 119.00

EUR/JPY is fading part of Friday’s advance amidst a softer sentiment around the shared currency and a mild selling bias in JPY.
If sellers return to the markets, the next support of significance emerges at last week’s lows in the mid-117.00s ahead of 116.56 (low August 26^th).
On the broader view, while the resistance line at 119.00 caps the upside, the negative stance remains intact.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	117.94
Today Daily Change	32
Today Daily Change %	-0.14
Today daily open	118.1

Trends
Daily SMA20	118.37
Daily SMA50	118.67
Daily SMA100	120.37
Daily SMA200	122.76

Levels
Previous Daily High	118.48
Previous Daily Low	117.44
Previous Weekly High	118.8
Previous Weekly Low	117.44
Previous Monthly High	120.72
Previous Monthly Low	116.57
Daily Fibonacci 38.2%	118.08
Daily Fibonacci 61.8%	117.84
Daily Pivot Point S1	117.53
Daily Pivot Point S2	116.97
Daily Pivot Point S3	116.5
Daily Pivot Point R1	118.57
Daily Pivot Point R2	119.05
Daily Pivot Point R3	119.61

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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