EUR/JPY Price Analysis: Tentative Support Appears at 138.00

EUR/JPY adds to gains on Monday, past the 139.00 barrier.
Immediately to the upside is now the 200 day SMA.

EUR/JPY advances for the second session in a row and extends the break of the 138.00 area on Tuesday.

Last week’s sharp pullback seems to have found quite solid support at the 138.00 area for now. The subsequent bounce looks healthy and initially targets the key 200 day SMA today at 140.70.

The outlook for EUR/JPY should remain negative as long as it holds below the 200-day SMA.

EUR/JPY day chart

USD/JPY

Overview
Last price today	139.47
Today I change daily	77
today’s daily variation	0.27
today’s daily opening	139.09

Trends
daily SMA20	140.65
daily SMA50	142.91
daily SMA100	143.14
daily SMA200	140.72

levels
previous daily high	139.3
previous daily low	138.24
Previous Weekly High	142.86
previous weekly low	138.01
Previous Monthly High	146.73
Previous monthly minimum	138.8
Fibonacci daily 38.2	138.89
Fibonacci 61.8% daily	138.64
Daily Pivot Point S1	138.45
Daily Pivot Point S2	137.81
Daily Pivot Point S3	137.39
Daily Pivot Point R1	139.52
Daily Pivot Point R2	139.94
Daily Pivot Point R3	140.58

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.