EUR/JPY Price Analysis: Renewed Weakness Could Test 200-DMA

EUR/JPY breaks below 141.00 and hits new three-month lows.
Further lows would target the key 200 SMA just above 139.00.

EUR/JPY remains entrenched in negative territory and falls to fresh 3-month lows in the 140.80/75 band by the end of the week.

The sharp pullback broke the four-month support line and left the cross vulnerable to a deeper decline. Against this, the next major support is expected at the critical 200-day SMA, today at 139.08.

The outlook for the EUR/JPY is expected to remain positive as long as it is above this region.

EUR/JPY day chart

USD/JPY

Overview
Last price today	141.18
Today I change daily	171
today’s daily variation	-0.86
today’s daily opening	142.4

Trends
daily SMA20	144.77
daily SMA50	144.29
daily SMA100	141.75
daily SMA200	139.07

levels
previous daily high	143.77
previous daily low	141.9
Previous Weekly High	146.14
previous weekly low	143.65
Previous Monthly High	147.12
Previous monthly minimum	142.56
Daily Fibonacci of 38.2%.	142.62
Daily Fibonacci of 61.8%	143.06
Daily Pivot Point S1	141.61
Daily Pivot Point S2	140.82
Daily Pivot Point S3	139.74
Daily Pivot Point R1	143.48
Daily Pivot Point R2	144.56
Daily Pivot Point R3	145.35

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.