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EUR/JPY Price Analysis: More losses expected below 134.94

  • EUR/JPY extends bearish leg below 136.00.
  • Initial support is at the weekly low of 134-94.

EUR/JPY is losing ground for the third session in a row, this time breaking below support at the 136.00 level.

More weakness appears on the scene, with immediate support at the weekly low of 134.94 (Aug 16). Loss of this level should expose a deeper pullback to the 200 SMA today at 134.15.

Above the latter, the outlook for the pair should remain constructive.

EUR/JPY day chart


Last Price Today 135.78
Today’s Daily Change -0.59
Today’s Daily Change % -0.43
Today’s Daily Opening 136.37
20 Daily SMA 136.81
50 Daily SMA 139.04
100 Daily SMA 138.22
200 Daily SMA 134.15
Previous Daily High 137.06
Previous Daily Minimum 135.73
Previous Maximum Weekly 137.96
Previous Weekly Minimum 134.95
Monthly Prior Maximum 142.43
Previous Monthly Minimum 135.55
Daily Fibonacci 38.2% 136.24
Daily Fibonacci 61.8% 136.55
Daily Pivot Point S1 135.71
Daily Pivot Point S2 135.05
Daily Pivot Point S3 134.38
Daily Pivot Point R1 137.05
Daily Pivot Point R2 137.72
Daily Pivot Point R3 138.38

Source: Fx Street

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