EUR/JPY Price Analysis: The Downtrend Continues

  • EUR/JPY attempts a slight rebound after Wednesday’s pullback.
  • Immediately below is the 100-day average.

EUR/JPY manages to regain some composure and advances towards the 139.00 area, although gains have not been sustained so far and it looks vulnerable.

The cross now faces a lower outlook after breaking below the four-month support line today around 139.45. That said, the next contention appears at the July low at 137.26 (July 6) ahead of the 100 SMA today at 135.93.

In the longer term, the constructive stance on the cross remains well supported by the 200 SMA at 133.03.

EUR/JPY day chart

EUR/JPY

Panorama
Last Price Today 138.36
Today’s Daily Change -0.07
Today’s Daily Change % -0.05
Today’s Daily Opening 138.43
Trends
20 Daily SMA 141.62
50 Daily SMA 139
100 Daily SMA 135.89
200 Daily SMA 133.02
levels
Previous Daily High 139.52
Previous Daily Minimum 137.27
Previous Maximum Weekly 144.28
Previous Weekly Minimum 139.79
Monthly Prior Maximum 144.28
Previous Monthly Minimum 137.93
Daily Fibonacci 38.2% 138.13
Daily Fibonacci 61.8% 138.66
Daily Pivot Point S1 137.29
Daily Pivot Point S2 136.16
Daily Pivot Point S3 135.04
Daily Pivot Point R1 139.55
Daily Pivot Point R2 140.66
Daily Pivot Point R3 141.8

Source: Fx Street

You may also like

BBB25: Renata wins 5th Angel race
Entertainment
Robert

BBB25: Renata wins 5th Angel race

Renata won the Angel Proof that happened this Saturday (15). The dispute had three phases and the participant managed to