EUR/JPY Technical Analysis: Remains sidelined around the 10-day SMA near 118.30

EUR/JPY is prolonging the erratic price action so far this week and it is now fading yesterday’s pullback in tandem with increasing selling pressure around the Japanese safe haven.
The resumption of the selling bias carries the potential to drag the cross to another visit to 2019 lows in the mid-117.00s (August 12) ahead of the 2017 low at 114.85. This view is expected to remain well on the cards while below the immediate resistance line at 119.92.
On the way up, interim hurdle emerges at the 21-day SMA at 119.13 ahead of last week’s tops in the 119.60 region.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	118.3
Today Daily Change	47
Today Daily Change %	0.33
Today daily open	117.91

Trends
Daily SMA20	119.18
Daily SMA50	120.71
Daily SMA100	122.3
Daily SMA200	124.19

Levels
Previous Daily High	118.3
Previous Daily Low	117.58
Previous Weekly High	119.59
Previous Weekly Low	117.52
Previous Monthly High	123.36
Previous Monthly Low	120.04
Daily Fibonacci 38.2%	117.85
Daily Fibonacci 61.8%	118.02
Daily Pivot Point S1	117.56
Daily Pivot Point S2	117.2
Daily Pivot Point S3	116.83
Daily Pivot Point R1	118.28
Daily Pivot Point R2	118.65
Daily Pivot Point R3	119.01

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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