EUR/JPY Price Analysis: Corrective Decline Could Revisit 146.30
- EUR/JPY extends the weekly correction to the sub-150.00 zone.
- Further retracement could see the cross retest the 146.30 region.
EUR/JPY adds to Tuesday’s decline and breaches the key 150.00 support on Wednesday.
The underlying bullish stance appears unchanged so far, although the ongoing correction carries the potential to extend to the weekly low at 146.30 (April 25), where the cross is expected to meet decent contention.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.60.
EUR/JPY daily chart
(Click on image to enlarge)
EUR/JPY
| OVERVIEW | |
|---|---|
| Today last price | 149.67 |
| Today Daily Change | 95 |
| Today Daily Change % | -0.37 |
| Today daily open | 150.23 |
| TRENDS | |
|---|---|
| Daily SMA20 | 146.98 |
| Daily SMA50 | 144.78 |
| Daily SMA100 | 143.12 |
| Daily SMA200 | 142.59 |
| LEVELS | |
|---|---|
| Previous Daily High | 151.62 |
| Previous Daily Low | 149.83 |
| Previous Weekly High | 150.44 |
| Previous Weekly Low | 146.29 |
| Previous Monthly High | 150.44 |
| Previous Monthly Low | 142.55 |
| Daily Fibonacci 38.2% | 150.51 |
| Daily Fibonacci 61.8% | 150.94 |
| Daily Pivot Point S1 | 149.51 |
| Daily Pivot Point S2 | 148.78 |
| Daily Pivot Point S3 | 147.72 |
| Daily Pivot Point R1 | 151.29 |
| Daily Pivot Point R2 | 152.34 |
| Daily Pivot Point R3 | 153.07 |
More By This Author:
Natural Gas Futures: Further Losses Favored In The Short TermUSD Index Comes Under Pressure And Challenges 102.00
USD Index Price Analysis: Downside Alleviated Above 103.15/20
Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
