EUR/JPY Price Analysis: Likely bearish extension below the 200-day MA

  • EUR/JPY is trading with moderate losses on Friday, after a sharp decline on Thursday.
  • The cross broke below the 200-day moving average, exposing itself to further weakness.

EUR/JYP remains under pressure and briefly revisited the key 140.00 zone late in the week ahead of key US jobs data.

The cross appears to have broken below the multi-session consolidation phase as well as the 200-day SMA today at 140.93.

Thus, it seems that a further decline will take place in the short term, with the immediate target in the 138.00 area.

EUR/JPY day chart

USD/JPY

Overview
Last price today 140.33
Today I change daily 62
today’s daily variation -0.14
today’s daily opening 140.52
Trends
daily SMA20 140.74
daily SMA50 141.82
daily SMA100 143
daily SMA200 140.95
levels
previous daily high 141.94
previous daily low 140.08
Previous Weekly High 142.3
previous weekly low 140.47
Previous Monthly High 142.86
Previous monthly minimum 137.39
Fibonacci daily 38.2 140.79
Fibonacci 61.8% daily 141.23
Daily Pivot Point S1 139.76
Daily Pivot Point S2 138.99
Daily Pivot Point S3 137.9
Daily Pivot Point R1 141.61
Daily Pivot Point R2 142.7
Daily Pivot Point R3 143.46

Source: Fx Street

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