EUR/JPY Price Analysis: Further losses expected below 142.50

EUR/JPY adds to Monday’s pullback and touches 143.00 again.
If it continues to drop, it could revisit the 142.00 area in the short term.

The USD/JPY extends the pessimism from earlier in the week and tests the 143.00 area on Tuesday.

Should selling pressure gain more strength, the cross could attempt a move towards the November low at 142.54 (Nov 11) ahead of the temporary 100-day SMA at 141.62 today.

Longer-term, as long as it is above the key 200-day SMA at 138.89, the positive outlook is expected to hold.

EUR/JPY daily chart

USD/JPY

Overview
Last price today	143.36
Today I change daily	100
Today’s daily change in %	-0.17
today’s daily opening	143.61

Trends
daily SMA20	145.11
daily SMA50	144.2
daily SMA100	141.61
daily SMA200	138.87

levels
previous daily high	145.01
previous daily low	143.05
Previous Weekly High	146.14
previous weekly low	143.65
Previous Monthly High	148.4
Previous monthly minimum	140.9
Daily Fibonacci of 38.2%	143.8
Daily Fibonacci of 61.8%	144.26
Daily Pivot Point S1	142.77
Daily Pivot Point S2	141.93
Daily Pivot Point S3	140.81
Daily Pivot Point R1	144.73
Daily Pivot Point R2	145.85
Daily Pivot Point R3	146.69

Source: Fx Street

Joshua

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.