- EUR/JPY accelerates losses below the 200-day moving average (130.45).
- The 55-day moving average emerges as the next support at 129.65.
EUR/JPY extends the decline towards the key 200-day simple moving average (SMA) in the 130.50 zone earlier in the week.
The significant corrective pullback appears to have more legs in the short term. Against this, the cross could pull back further and revisit the 55-day SMA at 129.65 hours, ahead of the February low near 128.90 (Feb 1) and the 2022 lows in the 128.20 area recorded at the end of January.
In the long term, and although below the 200-day SMA, the outlook for the cross is expected to remain bearish.
EUR/JPY day chart
EUR/JPY
| Panorama | |
|---|---|
| Last Price Today | 130.26 |
| Today’s Daily Change | -0.50 |
| Today’s Daily Change % | -0.38 |
| Today’s Daily Opening | 130.76 |
| Trends | |
|---|---|
| 20 Daily SMA | 130.1 |
| 50 Daily SMA | 129.81 |
| 100 Daily SMA | 130.12 |
| 200 Daily SMA | 130.5 |
| levels | |
|---|---|
| Previous Daily High | 132.68 |
| Previous Daily Minimum | 130.38 |
| Previous Maximum Weekly | 133.15 |
| Previous Weekly Minimum | 130.38 |
| Monthly Prior Maximum | 131.6 |
| Previous Monthly Minimum | 128.25 |
| Daily Fibonacci 38.2% | 131.26 |
| Daily Fibonacci 61.8% | 131.81 |
| Daily Pivot Point S1 | 129.87 |
| Daily Pivot Point S2 | 128.98 |
| Daily Pivot Point S3 | 127.57 |
| Daily Pivot Point R1 | 132.17 |
| Daily Pivot Point R2 | 133.58 |
| Daily Pivot Point R3 | 134.47 |
Source: Fx Street
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