EUR/JPY Technical Analysis: Scope for a test of YTD lows at 117.50

EUR/JPY is reversing two sessions with gains and has resumed its attention to the area below the 118.00 mark.
The current move lower should immediately target 2019 lows in the mid-117.00s (August 12) ahead of 2017 low at 114.85.
While below the immediate resistance line at 119.95 caps the upside, the bearish view is expected to persist. Above this area, the downside pressure should subside somewhat.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	117.84
Today Daily Change	49
Today Daily Change %	-0.25
Today daily open	118.13

Trends
Daily SMA20	119.32
Daily SMA50	120.81
Daily SMA100	122.37
Daily SMA200	124.25

Levels
Previous Daily High	118.48
Previous Daily Low	117.85
Previous Weekly High	119.59
Previous Weekly Low	117.52
Previous Monthly High	123.36
Previous Monthly Low	120.04
Daily Fibonacci 38.2%	118.24
Daily Fibonacci 61.8%	118.09
Daily Pivot Point S1	117.83
Daily Pivot Point S2	117.52
Daily Pivot Point S3	117.19
Daily Pivot Point R1	118.46
Daily Pivot Point R2	118.78
Daily Pivot Point R3	119.09

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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