EUR/JPY Technical Analysis: Room for a test of 121.00 and below

EUR/JPY is prolonging the weekly downside and is now trading closer to the key support at 121.00 the figure.
The cross has intensified the decline on the back of rising selling pressure around the European currency and after the breakdown of the 21-day and 10-day SMAs.
Immediately down emerges the 120.95/73 band, June lows, which are considered the last defence for a test of YTD lows in sub 119.00 levels recorded back in January.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	121.26
Today Daily Change	22
Today Daily Change %	-0.07
Today daily open	121.34

Trends
Daily SMA20	121.89
Daily SMA50	122.2
Daily SMA100	123.81
Daily SMA200	125.37

Levels
Previous Daily High	121.69
Previous Daily Low	121.09
Previous Weekly High	122.34
Previous Weekly Low	121.5
Previous Monthly High	123.18
Previous Monthly Low	120.78
Daily Fibonacci 38.2%	121.32
Daily Fibonacci 61.8%	121.46
Daily Pivot Point S1	121.06
Daily Pivot Point S2	120.77
Daily Pivot Point S3	120.46
Daily Pivot Point R1	121.66
Daily Pivot Point R2	121.97
Daily Pivot Point R3	122.26

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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