EUR/JPY Technical Analysis: Remains under pressure around 4-week lows

EUR/JPY keeps the bearish view unchanged so far this week, dropping and rebounding from new multi-week lows near 117.20.
Immediately to the downside emerges the late August low at 116.56 ahead of the 2019 low at 115.86 recorded on September 3^rd.
On the broader view, while the 3-month resistance line at 119.09 caps the upside, the negative stance remains intact.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	117.43
Today Daily Change	41
Today Daily Change %	-0.01
Today daily open	117.44

Trends
Daily SMA20	118.52
Daily SMA50	118.49
Daily SMA100	120.22
Daily SMA200	122.63

Levels
Previous Daily High	118.01
Previous Daily Low	117.32
Previous Weekly High	118.8
Previous Weekly Low	117.44
Previous Monthly High	120.01
Previous Monthly Low	115.86
Daily Fibonacci 38.2%	117.58
Daily Fibonacci 61.8%	117.74
Daily Pivot Point S1	117.17
Daily Pivot Point S2	116.89
Daily Pivot Point S3	116.47
Daily Pivot Point R1	117.86
Daily Pivot Point R2	118.28
Daily Pivot Point R3	118.56

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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