- EUR/JPY extends downside correction below 142.00.
- Above 138.60, the cross is likely to continue moving higher.
The EUR/JPY falls for the third session in a row on Thursday, this time breaking below key support at 142.00.
Despite the ongoing correction, the bullish bias on the cross remains as long as the support line around 138.60 holds the downside. This containment zone is currently reinforced by the 55-day SMA.
The resumption of the bullish bias could bring the year’s high at 144.27 (June 28) back on the radar ahead of the round level at 145.00 and before the 2015 high at 145.32 (Jan 2).
EUR/JPY daily chart
|Last Price Today||141.71|
|Today’s Daily Change||-0.90|
|Today’s Daily Change %||-0.63|
|Today’s Daily Opening||142.61|
|20 Daily SMA||141.83|
|50 Daily SMA||138.67|
|100 Daily SMA||135.43|
|200 Daily SMA||132.75|
|Previous Daily High||143.86|
|Previous Daily Minimum||142.49|
|Previous Maximum Weekly||144.24|
|Previous Weekly Minimum||141.39|
|Monthly Prior Maximum||138.32|
|Previous Monthly Minimum||132.66|
|Daily Fibonacci 38.2%||143.01|
|Daily Fibonacci 61.8%||143.33|
|Daily Pivot Point S1||142.11|
|Daily Pivot Point S2||141.61|
|Daily Pivot Point S3||140.74|
|Daily Pivot Point R1||143.48|
|Daily Pivot Point R2||144.36|
|Daily Pivot Point R3||144.86|
Source: Fx Street