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EUR/JPY Price Analysis: Further losses likely below the 200-day SMA

  • EUR/JPY is under pressure and Thursday’s advance fades.
  • Further weakness is anticipated below the 200-day SMA.

He USD/JPY resumes the downtrend and returns to the area below 141.00 by the end of the week.

The cross looks sideways in the second half of the week at the lower end of the weekly range. Occasional upside attempts should initially clear the interim 100-day SMA near 142.80 to allow for a test of the 2023 high at 145.56 (March 2).

Meanwhile, additional losses are expected as long as the cross breaks below the 200-day SMA. If the losses accelerate, a possible visit to the March low at 139.11 (March 16) is on the horizon.

EUR/JPY daily chart


Last price today 141
Today I change daily 151
today’s daily variation -0.57
today’s daily opening 141.81
daily SMA20 143.77
daily SMA50 142.16
daily SMA100 142.92
daily SMA200 141.81
previous daily high 142.01
previous daily low 139.13
Previous Weekly High 145.44
previous weekly low 143.35
Previous Monthly High 145.47
Previous monthly minimum 139.55
Fibonacci daily 38.2 140.91
Fibonacci 61.8% daily 140.23
Daily Pivot Point S1 139.96
Daily Pivot Point S2 138.1
Daily Pivot Point S3 137.08
Daily Pivot Point R1 142.84
Daily Pivot Point R2 143.86
Daily Pivot Point R3 145.72

Source: Fx Street

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