EUR/JPY Price Analysis: Further Down Comes The 55-Day SMA

  • EUR/JPY appears side-lined in the low 161.00s on Friday.
  • Further losses should face provisional support near 159.60.

EUR/JPY alternates ups and downs around 161.30 on Friday, extending the consolidative mood in the lower end of the recent range.

The continuation of the downward bias carries the potential to motivate the cross to break below the 160.00 round level and revisit the interim 55-day SMA at 159.58.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA at 153.64.
 

EUR/JPY daily chart

(Click on image to enlarge)


EUR/JPY

OVERVIEW
Today last price 161.35
Today Daily Change 83
Today Daily Change % -0.01
Today daily open 161.36
TRENDS
Daily SMA20 162.27
Daily SMA50 159.75
Daily SMA100 158.6
Daily SMA200 153.6
LEVELS
Previous Daily High 161.94
Previous Daily Low 160.6
Previous Weekly High 163.66
Previous Weekly Low 161.25
Previous Monthly High 164.31
Previous Monthly Low 159.07
Daily Fibonacci 38.2% 161.11
Daily Fibonacci 61.8% 161.43
Daily Pivot Point S1 160.66
Daily Pivot Point S2 159.95
Daily Pivot Point S3 159.31
Daily Pivot Point R1 162
Daily Pivot Point R2 162.65
Daily Pivot Point R3 163.35

More By This Author:

Natural Gas Futures: Further Weakness Likely
Crude Oil Futures: Door Open To Extra Retracements
Gold Futures: Further Rebound Likely

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.