EUR/JPY Technical Analysis: Selling pressure should meet support in the 129.16/128.90 band

  • EUR/JPY is losing ground for the second session in a row in the second half of the week, coming under renewed downside pressure after testing the boundaries of the 200-day SMA earlier in the week.
  • In case the selling mood picks up extra pace, the 129.16/128.90 band emerges as initial contention, where align the 21-day SMA and the 10-day SMA.
  • A breakdown of this area of support should pave the way for a potential visit to October’s low at 126.62.

EUR/JPY daily chart



















    Last Price: 129.15
    Daily change: -35 pips
    Daily change: -0.270%
    Daily Open: 129.5
    Daily SMA20: 128.89
    Daily SMA50: 129.91
    Daily SMA100: 129.51
    Daily SMA200: 130.27
    Daily High: 130.15
    Daily Low: 129.39
    Weekly High: 129.34
    Weekly Low: 127.24
    Monthly High: 132.49
    Monthly Low: 126.63
    Daily Fibonacci 38.2%: 129.68
    Daily Fibonacci 61.8%: 129.86
    Daily Pivot Point S1: 129.21
    Daily Pivot Point S2: 128.92
    Daily Pivot Point S3: 128.46
    Daily Pivot Point R1: 129.97
    Daily Pivot Point R2: 130.43
    Daily Pivot Point R3: 130.72


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.